Tax Services for Day Traders
Buying and selling publicly traded securities is considered an investment activity. However, individuals trading securities on a daily basis potentially have an incentive to classify themselves as professional day traders for tax purposes. At Lake Accounting & Tax LLC, our CPAs are knowledgeable about new incentives and filing requirements for the current tax year. For instance, day traders are now eligible for the Qualified Business Income Deduction.
“That was a surprise when the final regs became available,” David stated, and his clients benefitted from this information.
At Lake Accounting & Tax LLC, we specialize in helping traders throughout the country maximize their tax benefits through personalized tax planning and preparation. We have many years of experience working with day traders in Connecticut and the U.S., and can help you determine your trader/investor status to avoid penalties. We are uniquely positioned to help traders make the most of the tax incentives available to them.
If you have questions about this topic or in general, please call us at 203-634-7549 or click the button below to set up a free consultation. We’re here to help you solves your financial questions.
130 Research Parkway
Meriden, CT 06450
Phone: (203) 634-7549
Fax: (203) 343-0902