Interview with Tax Accountant Colin Cody

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By Tim Bourquin | Published 12/26/2006 | Currency , Futures , Options , Stocks | Unrated

Interview with Tax Accountant Colin Cody

Colin Cody is a CPA and the owner of TraderStatus.com. Here we talk about who qualifies for trader status with the IRS, what it means in terms of deducting losses and expenses, how it differs from trading through an LLC or corporation, and what you need to do to elect the "mark-to-market" strategy on your taxes. A great primer for those traders who want to learn more about writing off losses and trading expenses without having to actually sell your positions.

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Tim Bourquin is the co-Founder of the Online Trading Expo and the Forex Trading Expo and CEO of TNC New Media, a tradeshow and online media company. Click here for details and to register for TraderInterviews.com LIVE!

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