cshrum 

So does anyone trade a ROTH Ira and withdraw their profits and not pay any taxes on it?

Only if you're over 59 1/2, had a ROTH at least 5 years and profitable.
(not me yet, on either, but hope to be both within 5 years )

Hi guys,

It is my pleasure to welcome back Ryan Curran CPA @ Curran Unger LLP for our 333rd webinar event on Tuesday, January 15th @ 4:30 PM Eastern US.

The title for the event is "Tax Topics for Traders in 2019", and bullet points include:

- Tax plan updates for 2018 Tax Year
- Qualified business income deduction
- Qualified opportunity zone tax deferrals
- Trader tax status - qualifications and implications
- Q&A session with Ryan Curran CPA, attend live to get your questions answered



Register for event:
https://on.nexusfi.com/jk1ps

Mike

Webinar recording:

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Mike

Hi, will Ryan answer a question?

I'm trying to figure out how I can get a bank to give me a loan against my trading profits? I own a few properties and would like to do a cash-out re-fi on them.

Right now I live in CA but I own two homes in FL that are rented out. I don't have any entities setup yet.

How will trading for earn 2 trade be treated? Still get the preferred tax treatment of trading futures vs regular income?

Thanks

Sent using the NexusFi mobile app

I have to report a lost for the year and I would like to know if I can deduct transaction costs for futures contracts. I do not see it on my 1099 from the tdameritrade so I am guessing I can’t. Thank


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jngrim 

I have to report a lost for the year and I would like to know if I can deduct transaction costs for futures contracts. I do not see it on my 1099 from the tdameritrade so I am guessing I can’t. Thank

I believe 1099s are net of brokerage costs.

question about just Form 1256 - if you lost money last year, but made money this year trading only futures both years, do you get to subtract those losses from this year's gains? and you can do that for the preceding 3 years, right?

traderthrowaway 

question about just Form 1256 - if you lost money last year, but made money this year trading only futures both years, do you get to subtract those losses from this year's gains? and you can do that for the preceding 3 years, right?

since you are allowed to carry loss forward you def can subtract your loss (Y17) against your gain (Y18). Even if you don't file on your loss you can always carry it forward forever.

Being from Europe opening a margin account in the US for Futures trading I wonder whether providing the broker with a tax form like W8-BEN or similar would help me to avoid any deduction at source tax and any other tax within the US.

I heared about this 60/40 tax rule which seems to be relevant for Futures traders and I am not sure whether any W8-... form helps with regards to taxes in the US when it comes to gains from Futures trades. Or is there perhaps another attempt one should consider when having a US Futures broker without being a US citizen and without living in the US?

Does anybody have any experience with that?

Thanks a lot,
L.J.