Day Trading Taxes Explained by a CPA - Brian Rivera
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Brian Rivera is a trader and certified public accountant (CPA) who specializes in simplifying traders' taxes. Learn how he approaches trading, tax planning, and more.
TIMESTAMPS
0:00 Introduction
03:23 Learning How to Trade
07:44 Entrepreneurship (Trader Tax CPA, TraderFyles)
14:25 Taxes for Traders
22:37 Entities for Traders
24:05 Mark to Market Accounting and Wash Sale
29:20 TraderFyles
36:50 Lightning Round
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I appreciate this video so much! I'm just starting out & the information provided here is golden!
TY Brian and Anthony. Excellent..
Great interview. Thanks everyone at IU , especially Nate and Anthony, for covering all areas of trader’s life and preparations needed to make it happen in this tough game.
Appreciate this interview. Brian is certainly a super well spoken and knowledgeable individual, I'm grateful we get content from him on a extremely important but extremely neglected topic in this industry.
Trader Tax CPA is a must for active traders!! 🔥
Ty !
Brian is a great guy!
Thanks very much guys. What an awesome interview. I really appreciated what was said.
"Very" informative interview. Thanks Guys.
My man!
Ty bro!
Great questions asked.
Good interview. I was hoping that you would touch on self employment tax. Seems like there’s a gray area there, e.g., you may not have to pay SE tax on capital gains, unless you file with section 475 Mark to Market election and Trader Tax Status. Curious if that is something that could hurt somebody who is thinking about starting to trade full time. Wouldn’t you potentially owe double what used to while you were working and trading?
No self employment tax.. it’s only applicable if you pay your self wages through and entity. And the only reason you’d ever do that is if you needed to unlock additional tax strategies that require earned income
@@BrianRiveraCPA👍
Hey, great video. Two questions.
I'm struggling a bit to understand the benefits of mark to market versus simply selling a losing position and buying it back in another account?
Secondly, how much money does one have to be making for mark to market to be worth it? +/-
would any of this apply to foreign owned businesses and air bnb properties?
I haven't had the luxury of paying tax trading.
Brian, I want to talk to YOU!
Definitely need to contact you