Ultimate Tax Hack for Day Traders

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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[@kherriwoods4083]

If you start day trading in July will you still have the option to take the 475F Election?

[@michaeljordan3215]

Exactly...furthermore does it only work inside a calendar year...or can I take losses from previous years and make election by March 15 this year...does that work?

[@xMarxDaSpot]

No. The Election counts for the year it is made in. Ex: You make the election by early 2024 so you are covered market to market for all of 2024.

[@jazzm5557]

where do you make this election?

[@Victor-Ike]

Bro said ftx lol

[@drgreenthumb5648]

But wash sale is still in play?

[@frank_ferrigno]

Does this work if you trade crypto?

[@englishjona6458]

That’s not a hack the a glass ceiling that wasn’t there before

[@artpuente3401]

I need a associate to work with me in California tax business

[@AmandeepSinghSaini]

Did you find someone?

[@glitterbug8808]

Who are you talking to over there?

[@alphastartech]

Nice

[@SeeingSebastian]

🔥