By: Max D. - Max is a technical writer who regularly contributes financial topics to Farnsfield Research, and other investing blogs. Max spends his time running multiple companies in the financial sector. This allows him to have a constant finger on the pulse of the industry.
As millions of Americans file their income taxes prior to the April 15, 2015 deadline, traders must face the decision of how to report capital gains or loss according to IRS specifications. In the world of the New York Stock Exchange, a single trade, which may involve any number of stocks, can represent thousands of dollars. To reap the greatest amount of financial benefit from the passage of the Commodities Futures Modernization Act of 2000 and reduced tax rates of capital gains and losses, traders must understand how to properly report these securities and commodities on their tax return. Continue reading "Tax Advice for Active Traders: Understanding the 2015 Tax Laws to Avoid Stiff Tax Rates"