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In this video, I break down essential tax hacks for day traders and reveal what the IRS won’t — and in some cases, can’t — tell you.
You’ll learn how the facts-and-circumstances test determines whether you’re classified as an investor or a trader, why that distinction matters for your deductions, and how to position yourself for the most favorable tax treatment.
I also share the “bright line” rules the courts have already decided on, so you’ll know exactly where you stand.
WATCH NEXT 👉 How To Set Up A Trading Business (Valuable Tax Benefits!) https://youtu.be/H7NRFSTAzP8
From understanding the pitfalls that often trigger audits, to discovering how you can deduct expenses like computers, data feeds, subscriptions, travel, and education, this video is packed with actionable strategies.
Whether you’re trading stocks, options, or other securities, you’ll get practical guidance to keep more of your profits and stay compliant with the IRS.
🔔 Don’t forget to subscribe for more insights on real estate investing and business strategies!
Show Notes:
0:00 Intro
2:10 Definition of a Trader By IRS
4:45 Writing Off Expenses as a Trader
8:49 Mark-to-Market Election
10:32 How to Qualify as a Trader
12:56 Wash Sale Rule
13:56 Alternative Solutions
17:16 Another Type of Income a Corporation Makes
18:14 Ultimate Tax Hack
21:00 Asset Protection Consult
23:30 Outro
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CONTACT US
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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