{"id":192313,"date":"2023-06-21T10:55:41","date_gmt":"2023-06-21T14:55:41","guid":{"rendered":"https:\/\/ibkrcampus.com\/?post_type=webinars&#038;p=192313"},"modified":"2023-08-03T10:18:20","modified_gmt":"2023-08-03T14:18:20","slug":"how-traders-maximize-tax-benefits-qa","status":"publish","type":"webinars","link":"https:\/\/www.interactivebrokers.com\/campus\/webinars\/how-traders-maximize-tax-benefits-qa\/","title":{"rendered":"How Traders Maximize Tax Benefits Q&amp;A"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Join host&nbsp;<a href=\"https:\/\/greentradertax.com\/about-us\/professionals\/robert-a-green-cpa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Robert&nbsp;A. Green, CPA<\/a>&nbsp;of&nbsp;<a href=\"https:\/\/greentradertax.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">GreenTraderTax.com<\/a>. Panelists include&nbsp;<a href=\"https:\/\/greentradertax.com\/about-us\/professionals\/darren-neuschwander-cpa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Darren Neuschwander, CPA,<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/greentradertax.com\/about-us\/professionals\/adam-manning-cpa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Adam Manning, CPA<\/a>, Managing Members of&nbsp;<a href=\"https:\/\/greentradertax.com\/services\/\" target=\"_blank\" rel=\"noreferrer noopener\">Green, Neuschwander &amp; Manning, LLC,<\/a>&nbsp;a CPA firm focused on traders.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We\u2019ll spend about 15 minutes on the below content and 45 minutes on Q&amp;A.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Active traders who qualify for trader tax status (TTS) are entitled to significant tax benefits:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TTS traders can deduct from gross income business expenses of all stripes.&nbsp;<\/li>\n\n\n\n<li>They can elect mark-to-market accounting (Section 475 MTM) to avoid wash sale losses on securities and navigate around the $3,000 capital loss limitation \u2013 tax loss insurance. They can be eligible for a 20% deduction on qualified business income (QBI) if profitable.&nbsp;<\/li>\n\n\n\n<li>Traders can arrange health insurance and retirement plan deductions (employee benefits) using an S-Corp to pay officer compensation, which creates the necessary earned income component.&nbsp;<\/li>\n\n\n\n<li>In about 29 states, TTS pass-through entities can utilize the state and local tax (SALT) cap workaround solution to avoid the $10,000 cap on SALT itemized deductions.&nbsp;<\/li>\n\n\n\n<li>Investors can\u2019t arrange any of the above tax breaks but enjoy long-term capital gains rates and lower 60\/40 capital gains rates on futures (1256 contracts).&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About GreenTraderTax and Green, Neuschwander &amp; Manning, LLC<\/strong>: <a href=\"https:\/\/greentradertax.com\/about-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/greentradertax.com\/about-us\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Active traders who qualify for trader tax status (TTS) are entitled to significant tax benefits. Join host Robert A. Green, CPA of GreenTraderTax.com. Panelists include Darren Neuschwander, CPA, and Adam Manning, CPA, Managing Members of Green, Neuschwander &#038; Manning, LLC.<\/p>\n","protected":false},"author":338,"featured_media":192627,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"contributors-categories":[13775],"webinar-categories":[13881,13112,13878],"class_list":["post-192313","webinars","type-webinars","status-publish","has-post-thumbnail","contributors-categories-green-trader-tax","webinar-categories-taxes","webinar-categories-upcoming-webinars","webinar-categories-webinar-topics-webinars"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives | IBKR Webinars | IBKR Campus<\/title>\n<meta name=\"description\" content=\"Active traders who qualify for trader tax status (TTS) are entitled to significant tax benefits. 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