A sign behind a keyboard that reads "Home Office"

What You Should Know About the Home Office Expense Deduction

In today’s era, more and more professionals are opting to work from home. Whether you’re a seasoned day trader or just starting out, there’s a good chance you’re conducting a significant portion of your business from a home office. If that’s the case, you might be wondering whether you can write off your home office […]

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What Expenses You Can’t Write Off as a Day Trader

The allure of day trading often comes with visions of profits, independence, and high-octane decision-making. However, just as crucial to a trader’s success is understanding the world of taxation. While the tax code offers day traders multiple avenues to write off expenses, there’s also a flip side: items you simply can’t deduct, no matter how […]

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How Do I Become a Day Trader?

There’s so much appeal to the world of day trading. You have the opportunity to bring in lucrative returns, set your own schedule, and be your own boss, all while working from home. You might be wondering why you haven’t already made the leap to join the profession. Well, before you step into this arena, […]

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What You Need to Know About Tax Terminology for Traders

As day traders navigate the tumultuous waves of the stock market, it’s essential that they don’t lose sight of the equally complex world of taxes. The terminology can sometimes feel like learning a whole new language. But once you get into it, these terms are actually quite simple and can be understood with just a […]

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Why Do Day Traders Need an Accountant?

As a day trader, you know how exciting your job can be. Each day presents a new opportunity to capitalize on your vast knowledge to make shrewd trades. But, while the financial markets and trading strategies may be your playground, the world of taxes and accounting can often feel like a labyrinth. So, do day […]

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How Do Day Traders Make Money?

Day trading has always had a kind of mystique about it for those who are not in the field. It’s an intriguing world, full of dynamic markets and thinking on your feet. If you’ve ever considered getting into the profession, you’ve probably asked yourself “how do day traders really make money?” Today, let’s demystify this […]

Two wrenches sit on a keyboard with a strip of wood that says "Day Trading On It"

Why Active Day Traders Should Not Use an S-Corporation

When you decide to become a full-time active day trader, you have a number of choices when it comes to structuring your business from a tax and legal standpoint. Establishing a legal entity for your day trading activities can give some tax advantages, provide access to certain benefits, and help keep your personal assets separate […]

Day Trader Tax Services

What Forming an LLC Can Do for You as a Trader

If you’re new to being a full-time active day trader, there are a lot of decisions you have to make. One such area you have to consider is taxes. You make every purchase and sale that you do at the time that you do to maximize the amount of money you make. Shouldn’t that same […]