请教: Day Trader 报税要注意些什么? 这么多的TRADE....

noname6688

请教: DT报税要注意些什么?


怎么省可以时间?(省税就免了，亏钱)

这么多的TRADE， 无用功，光缴手续费了。


THANKS

HTDT

1,不用报每个trade

2, 用schedule C

3,每个quarter别忘了预缴税,不然到4/15要被罚

4, 想办法避税, DTer基本都有办法能做到合法的少交税.

biorjin

depend the size of your loss,

if far more than 3k, use schedule C to claim biz loss, otherwise schedule D for capital loss.

BTW, switch to a discount broker if transaction fee is too much

stockhq

for schedule C, do we need to list each transaction? thanks.

depend the size of your loss,

if far more than 3k, use schedule C to claim biz loss, otherwise schedule D for capital loss.

BTW, switch to a discount broker if transaction fee is too much
biorjin 发表于 2009-4-8 20:54

biorjin

不用, 我从来没有list every trade, 真要都列出来, 呵呵, 估计得成本书.

for schedule C, do we need to list each transaction? thanks.

stockhq 发表于 2009-4-8 20:59

lite1067

不用, 我从来没有list every trade, 真要都列出来, 呵呵, 估计得成本书.


biorjin 发表于 2009-4-8 21:09

can we use schedule C even we haven't switch to trader status on IRS side?

ricky

3# biorjin


BMW Lao Da: Can you use schedule C to claims loss? From what I read from IRS pub 550 (page72), as a trader you have to use Form 4797 (if you choose M2M) to report gain and loss. If you have big loss form 4797 may reduce your regular tax. But the AMT kicks in you may end up paying similar amount of tax.

weigoodone01

BMW Lao Da: I have the same question. Thanks!

noname6688

depend the size of your loss,

if far more than 3k, use schedule C to claim biz loss, otherwise schedule D for capital loss.

BTW, switch to a discount broker if transaction fee is too much
biorjin 发表于 2009-4-8 20:54

谢谢，正在消化这些建议。
当BUSINESS LOSS 不用SCHEUDLE D?  好像满复杂的。

noname6688

1,不用报每个trade

2, 用schedule C

3,每个quarter别忘了预缴税,不然到4/15要被罚

4, 想办法避税, DTer基本都有办法能做到合法的少交税.
HTDT 发表于 2009-4-8 20:43

谢谢，正在消化这些建议。
当BUSINESS LOSS 不用SCHEUDLE D?  好像满复杂的。

ricky

From what you asked it looks you have not claimed to use Mark-to-Market account as a trader. So here is the list:
1. you can use schedule C to report biz expenses as a trader. That will reduce your tax.
2. you have to report your each trade using Schedule D. You should be able to download these trades from your brokage firm.
3. Do declear M2M status before 4/15 together with your return so next year you do not need to report each trade but the total gain or loss in form 4797.
4. do file 3115 form when you report your tax next year.

This is what I have learned from last a couple of days.

Good luck.

chuaner

我从broker里面download的trading records直接打印给他么？还是要按照他的格式写？
今年实在trading的比较多了，不想写。

ricky

12# chuaner

I used Turbo Tax to download from Fidelity and the format is in what schedule D1 needs.

chuaner

多谢，我去下载看看：）

13# ricky

90ufo

From what I have read and understood from IRS Pub550 (search for trader),  I agree with
#11 ricky post.