Recent content by nyc_guy

not sure what is so complicated about it. You get a broker statement and you just outline your gains/losses. Seems pretty straightfoward, unless you get into deducting business expenses for 'professional traders'. Even that i assume just boils down to figuring out which expenses are allowed...

why do i need a cpa? assuming i just trade futures and have no other sourceof income, wouldn't filing taxes be pretty straightforward? It's just a schedule c no?

Can someone answer a simple question for me. If i just open a futures account and only trade futures using my own money, what is the tax that will be applied to my gains per year? Does that 60/40 rule apply and would most of it be considered long term cap gains?

Just wanted to get some inputs from people here on what they consider the best option strategies for day traders in futures (commodities, index futures, fx, treasuries). Basically the way I see it, active intraday traders are synthetically long gamma by virtue of their activity, especially...

Just wanted to get some opinions on structure and setup of a new firm from people here. Been working in the banking/trading world for over 10 years and looking to go out on my own. Have a decent nest egg and mostly trade commodities. Will be moving away from the financial centers like NYC and...