The trader's tax survival guide
By: Ted Tesser.
Contributors: Tesser, Ted.
Series: A marketplace book
Publisher: Wiley
Published: 1995
Place of publication: New York
Language: eng
Number of pages: 317
Subjects: Taxation of bonds, securities, etc. -- United States.; Investments -- Taxation -- Law and legislation -- United States.; Tax planning -- United States.
Description: Written with an abundance of wry wit and liberally peppered with eye-opening anecdotes, The Trader's Tax Survival Guide covers all the bases, including how to avoid the 2% itemized deduction limit, transferring wealth to future generations, what to do in case of an audit, how taxes affect retirement plans, and the impact of the Tax Reform Acts of 1986, 1990, and 1993 on traders. It also supplies you with all necessary tax forms, a concise listing of allowable expense deductions, and much more.

Just as importantly, The Trader's Tax Survival Guide introduces you to Total Return Investment Planning (TRIP). A major component of Ted Tesser's extremely popular seminars on how to create and manage a successful trading business, TRIP is a simple but very effective methodology for evaluating your investments from a "total return" perspective that integrates good tax planning with good investment planning.

Another feature that will be of particular interest to many readers is the chapter on the preferred tax status of "trader." Most investors (and their tax preparers) don't realize that you need not be a professional market maker working the exchange floor to claim "trader" status. Nor are they aware of the many substantial advantages that status entails - such as being able to list all your expenses on Schedule C and deduct them from your trading income.

In The Trader's Tax Survival Guide, Ted Tesser provides detailed guidelines on how to qualify for trader status and how to use it to your utmost financial advantage.
Notes: Includes bibliographical references (p. 295-297) and index.
Rev. ed. of: The serious investor's tax survival guide. c1993.