Can Form 4797 Broker 2022-2023

Instructions and Help about Can Form 4797 Broker

This is a green trader tax educational webinar these tax errors will cost professional traders dearly it's August 13 2023 I'm the presenter Robert a green I'm a CPA and managing member of GM trader tax and CEO of green trader tax this information is educational it's not intended to be a substitute for a specific individualized tax legal or investment planning advice where a specific advice is necessary or appropriate you may wish to consult with a qualified tax advisor CPA like myself attorney financial planner or investment manager which I am NOT errors are prevalent on tax returns for traders that's an unfortunate thing but it's a reality most active traders make serious errors on income tax returns whether they self prepare or engage a local accountant even a CPA many miss out on trader tax benefits and overpay on their taxes the cost ranges from five thousand to hundreds of thousands of dollars if you're relying on the tax loss insurance of Section four seventy five MTM where you can write off your losses as ordinary business losses rather than a three thousand dollar cap or loss limitation and get an immediate big refund check now in this presentation when I say preparer I refer to self preparers people who buy my guide use our website content you run TurboTax on their own and prepare their own tax returns they are a preparer and also I refer to accountants including CPAs who their businesses preparation only they don't know traders professionally enough here's the first error mistakenly believing you can rely on securities form 1099 around February March the securities broker mails you a big fat statement with all your trades if it's securities it's a simple one-page 1099 B for futures and that's easy my problem...