making TTS even more attractive. Since it is a primarily decentralized market, intermediaries like banks and brokers come into the play to make a smooth transaction. This blog post is a partial excerpt from Greens 2017 Trader Tax Guide. Most business traders have multiple monitors, computers, mobile devices, trading services and subscriptions, education expenses, high-speed broadband, wireless and a home office. The bottom line is business expense treatment is much better. We like to see over 15,000 for futures or forex accounts.
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Compare Account Types, mINI, for more experienced traders wanting every professional advantage Minimum Deposit 100 Spread From 2 pips Leverage 1:500 No Comission. What doesnt qualify for TTS: Three factors dont qualify for TTS: Automated trading without much involvement by the trader (but creating your program qualifies engaging a professional outside investment manager; and trading in retirement funds. Theres more to learn about TTS in the guide). Report an actual number in your tax return footnotes about TTS., proceeds: Have proceeds in the millions of dollars per year on equities. You can also qualify for TTS for part of a year. The frequency and dollar amount of your trades during the year.