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  1. BEAR BULL TRADERS FORUMS

    1. Welcome: Bear Bull Traders Forums

      Rules of the house, FAQ about Bear Bull Traders, chatroom, classes and more!

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    2. Members Introductions & Meetups

      Know each other and plan in-person meetings.

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    3. Day Trading

      Everything related to Day Trading.

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    4. Swing Trading

      This is our Swing Trading forum where discussion of swing trades will take place.

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    5. Options Trading

      Options Trading Forum to discuss Options Knowledge, Strategies, and Tools.

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    6. Forex and Currency Markets

      Discussion about forex market.

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    7. Trading Psychology

      Best practices for trading psychology

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    8. Off Topic

      Discussions unrelated to the markets.

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    9. Success Webinar Questions

      Ask questions before and after our weekly Success Webinars.

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    10. BBT en Español

      Espacio para que los Miembros de habla hispana en BBT compartan sobre day trading, brinden y reciban apoyo, hagan sus preguntas y juntos formemos una comunidad de day traders exitosos!

      61
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    11. Forum Support

      Post your queries and feedback regarding the Forum.

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    12. BBT Trader's Challenge

      Post any questions or issues you have about the BBT Trader's Challenge or DAS related questions in here.

      136
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  • Topics

  • RECENT POSTS

    • cindyishh
      Reference For Account Size Required To Make a Living

      By cindyishh · Posted

      Thank you for sharing! I love this visual table. One thing I'm struggling with now with a small cash account is waiting for the cash to settle so I can trade again. How did you manage trading with this?
    • TheKbSb
      Impôts

      By TheKbSb · Posted

      Bonjour! Je vais perdre la personne qui faisait mes impôt cet année, alors je tombe en recherche également! On se tient au courant! Merci!
    • TheKbSb
      Day Trading Taxes / Superficial Loss Rule

      By TheKbSb · Posted

      Hi! Hope some members can provide you with answers,  1) I cannot recommend any CPAs at the moment because my Financial Advisor was doing them for me and starting next year he won't do them anymore, so I'll be looking for one myself as well. 2) Really a question depending on your individual situation... For my situation, my daytrading is a really small part of my total income, so personnally I just write them as realised capital gain/loss since I didn't create a business for my daytrading venture. Any gain/loss adds to my total personal yearly income.  Not saying it's the right way to do it. It's just the way I do it because the money I make daytrading doesn't justify a business structure. To give you a concept example: let say I net 10k a year daytrading, 5k is taxable, so it adds 5k on my total revenu, that 5k will be taxable depending on my tax ladder level vs my yearly income. Again, this is my situation.. bottom line, a CPA/Financial Advisor will be able to see the best structure for your situation. The other thing too, goes back to the CPA/ you have to take in considerations all the gov. programs ex: child allocations, a change in structure or revenu can affect your overall net income. 3) Been trading for 7 or 8 years (can't even remember.. haha) never had issues with this concept, but again, maybe they don't bug me because my amounts are small or it's not my main income. All I do when it's tax season I 'print' all my transactions, so they have the details, and I put the total on my tax report.. I even think last year I never sent the details I just sent the total per stock. Not even sure if it's necessary to do this... but never had issues yet. Again.. not a recommendation.. it's just what I do.  In my case, even if this way is the wrong way, you understand the impact is not as big as somebody who does this for living.. but it's something I want to ask myself to a professional when I find one. Sorry for the delay, I wasn't answering because I didn't think I would bring any added-value on what as been said, hope you get some better answers from our room members! Regards, Karl
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