3 Ways to Avoid the Wash Sale Nightmare!
72.3 هزار بار بازدید -
4 سال پیش
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3 Ways To Avoid The
3 Ways To Avoid The Wash Sale Nightmare!
As you approach the end of a tax year paying attention to the Wash Sale Rule is something that will keep you safe; and avoid being a wash sale casualty. The rule was created to prevent "tax loss harvesting".
A basic wash sale happens when a security is sold at a loss, then repurchased in a short period of time before or after the loss. The IRS has established the wash sale rule in order to prevent anyone from reducing their capital gains by creating wash sales. The most important time of year for day traders to pay attention to is December & January!
🚀 Learn How To Slash $30K Off Your Taxes Without Being A “Tax Expert” Or Spending Money On An Expensive CPA!
Free Strategy Session: https://www.thetaxonomics.com/strategy
⚡️ Trader Fyles: Generate your trader specific tax forms! (Coming Feb 2022) ⚡️
www.traderfyles.com
🏦 BEST BROKER FOR ACTIVE DAY TRADING 🚀🌚💸
https://www.interactivebrokers.com/mk...
⭐Schedule a Trader Tax CPA Consultation! (Available May - Dec Only)
https://calendly.com/tradertaxcpa/
🧟♂️Follow me on Social
Instagram: brianriveracpa
Twitter: brianriveracpa
🖥️Some of My Favorite Investment Tools:
► BenzingaPro - great for news and stock research https://pro.benzinga.com/tradertaxcpa...
► Scanz - great for scanning momentum stocks and news http://www.scanz.com?fpr=tradertaxcpa
► FlowAlgo - great for scanning and spotting unusual options activity https://app.flowalgo.com/users/aff/go...
For Related Videos on Day Trader Taxes:
✅ How To Qualify For Day Trader Status
How to Qualify for Day Trader Status
✅Why Active Day Traders Should Elect Mark-To-Market
Wash Sales Suck! Why Active Day Trade...
✅ Day Trader Taxes | Strategies and Debunking The Top 3 Tax Myths!
Day Trader Taxes | Strategies and Deb...
___
DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.
As you approach the end of a tax year paying attention to the Wash Sale Rule is something that will keep you safe; and avoid being a wash sale casualty. The rule was created to prevent "tax loss harvesting".
A basic wash sale happens when a security is sold at a loss, then repurchased in a short period of time before or after the loss. The IRS has established the wash sale rule in order to prevent anyone from reducing their capital gains by creating wash sales. The most important time of year for day traders to pay attention to is December & January!
🚀 Learn How To Slash $30K Off Your Taxes Without Being A “Tax Expert” Or Spending Money On An Expensive CPA!
Free Strategy Session: https://www.thetaxonomics.com/strategy
⚡️ Trader Fyles: Generate your trader specific tax forms! (Coming Feb 2022) ⚡️
www.traderfyles.com
🏦 BEST BROKER FOR ACTIVE DAY TRADING 🚀🌚💸
https://www.interactivebrokers.com/mk...
⭐Schedule a Trader Tax CPA Consultation! (Available May - Dec Only)
https://calendly.com/tradertaxcpa/
🧟♂️Follow me on Social
Instagram: brianriveracpa
Twitter: brianriveracpa
🖥️Some of My Favorite Investment Tools:
► BenzingaPro - great for news and stock research https://pro.benzinga.com/tradertaxcpa...
► Scanz - great for scanning momentum stocks and news http://www.scanz.com?fpr=tradertaxcpa
► FlowAlgo - great for scanning and spotting unusual options activity https://app.flowalgo.com/users/aff/go...
For Related Videos on Day Trader Taxes:
✅ How To Qualify For Day Trader Status
How to Qualify for Day Trader Status
✅Why Active Day Traders Should Elect Mark-To-Market
Wash Sales Suck! Why Active Day Trade...
✅ Day Trader Taxes | Strategies and Debunking The Top 3 Tax Myths!
Day Trader Taxes | Strategies and Deb...
___
DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.
4 سال پیش
در تاریخ 1399/09/02 منتشر شده
است.
72,361
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