Finance Newsletters: Join us for a Webinar on September 10

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The Tax Court Was Right To Deny Endicott Trader Tax Status

Join us for a Webinar on September 10

Space is limited.
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/260252776

Join CPAs Robert A. Green and Darren L. Neuschwander, Managing Members of Green NFH, LLC to discuss their August 30 blog "The Tax Court Was Right To Deny Endicott Trader Tax Status" at http://www.greencompany.com/blog/index.php?postid=191.

It's a challenge for option traders to qualify for trader tax status (business treatment). While managing investments with options generally does not qualify for trader tax status, active trading in weekly and monthly options most days of the week can qualify. At stake is business expense treatment including trading expenses, home office, education and startup costs. Business traders may also elect Section 475 MTM ordinary loss treatment, avoiding capital loss limitations and wash sales.

Endicott clearly was a long-term stock investor managing risk in his long portfolio with call options held on average one to five months and a number of stock positions held for over a year, with some over four years.

In this Webinar, get a good idea of whether or not you qualify for trader tax status. Don't wait for a shock from the IRS years down the road.

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