250: Introduction To Forex Trading Taxes (Basics) - Courtney Kurisko

Introduction To Forex Trading Taxes (Basics) In episode 250 of the Desire To Trade Podcast, I sit down with Courtney Kurisko to discuss Forex trading taxes and trader tax status in general. Courtney is a Certified Public Accountant in the United States and specializes in day trader taxes. She also works with other types of traders as well as investors. While this isn't a favorite topic of mine, I hope this gives you some insights on how to look at doing your own trader taxes. Let's get started!!! >> Watch the video recording! In This Episode, You'll Learn... Who is Courtney Kurisko and what she does 1:21 What taxes for traders vs individual whats the difference 2:13 How to determine if you qualify as a day trader for tax purposes 2:58 What are the main differences between a day trader and investor 5:47 What are the most common mistakes traders make in regard to taxes 8:20 A short overview of how taxes for traders work 9:40 General documentation that traders need to give their tax advisors 11:50 The differences between a swing trader and investor 12:43 Main differences in tax rate and deductions between classifications 13:27 Interesting considerations that a trader needs to take into account in their taxes 14:25 What are the potential consequences of doing your taxes as a trader without adequate advice 16:14 How to separate your trading if you do both, day trading and investing 18:48 What to do if you are just starting in trading 19:32 What type of expenses may and may not classify for deductions as a day trader 20:29 And much more! What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group! DesireToTRADE's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: Pepperstone (special signup offer) AxiTrader (use our link to get a special bonus) SCM (Scandinavian Capital Markets) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes Where to Find Courtney Kurisko? CK Accounting What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!