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All Posts Term: Day Trader
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Day Trader Tax Strategies Can Save Money

Day Trader Taxes

If you are a day trader, the following day trader tax strategies are for you.

Are you in the habit of trading stocks frequently on a daily basis? If so, there are some things you need to understand about the way the US government views this habit. If not, you could find yourself consumed with paperwork come April 15, and your profits will shrink once the IRS takes its share.

Here are some things you need to know if you are an active investor seeking to reduce your tax bills.

Trader versus Investor

These words each have special meaning in the tax world and carry with them some positives and negatives. By IRS definition, most individuals are considered investors. However, if your days are spent buying and selling, you are more likely a trader. Having this title could save you some serious cash at tax time. What is more, your investing expenses, like computer and other home office equipment are fully deductible.

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