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To make sure you don't have withdrawal symptoms, what you can do is trade different symbols than you've traded all year long just during the month of December. Then when January rolls around, you go back to trading your normal symbols. If you do this, you have to be aware of the "constructive...

Can't agree more with this post. My philosophy is to keep my finances as simple as possible so that they take up less of my time, they don't cost as much, and I am not dependent on anyone else to defend how I report my taxes. The money I might save by incorporating or creating an LLC is not...

A wash sale is just an imaginary tax construct. It has nothing to do with the total money in your account after any specific trade. So in your example, suppose you buy 100 XYZ for $1,000 and then a week later sell for $800. You have a $200 loss and your account is down $200. When you repurchase...

Yes, both of my guides (2002 and 2012) have filled-out samples for Form 3115. But again, I'm not comfortable sharing these files because they are paid products. Maybe ask GreenTraderTax if they offer a guide that includes example forms.

I checked my purchase history and I bought two different guides, one in 2002 and one in 2012. They both have sample tax forms in them. It is possible that GreenTraderTax no longer includes sample tax forms in their tax guides - that would be disappointing. However, I am not comfortable sharing...

No, I don't think that is the way it works. Again, I could be wrong and I have never verified this with IB. However, after losing several thousand on a single trade that went bad (that I couldn't get out of because of price capping), I asked them to refund my money and to exempt me from any...

It is possible your interpretation is correct. I don't know what symbols I'm going to be trading on any given day, so I can't call in beforehand. My assumption was that there is a reset everyday on the price capping algorithm. So even if you called in about a symbol, you'd have to do that the...

What's really great about IB is when you are in a position that is going against you in a hurry and you are trying to get out but your order keeps on getting price capped. And by the time you reach someone to lift the price cap, your position has gone against you in a big way. I love being with...

I may not have this right, but I think there was a similar problem that surfaced recently that was solved by upgrading the TWS Gateway. So try upgrading your TWS weapon of choice and see if that helps. If not, sorry.

I double checked and I bought it in 2002 as the "Bronze Package" and it has several example tax scenarios with accompanying forms. I am not sure how that translates to today.

I seem to recall his trader tax guide that he sells has examples. I bought it many years ago.

Was it a wash sale? Double check that it is actually incorrect. I've had issues with IB's tax statements not being correct and when I went into the details it was almost always myself that was wrong.

Are you sure the 32.35 print was on ARCA and not on some other exchange? Like a FINRA print?

The guy still blew out his account, so don't be too happy for him.

I am just going by the tax forms. The IRS wants to be paid evenly across the year. Obviously that is not practical if you are a trader. Some options: 1. Use the safe harbor rules to your advantage. 2. Use the "annualized income" form to alleviate any penalties due to uneven income throughout...

Just look at the tax forms. Suppose you have no other income besides 1256 contracts. Then at the end of the year, you figure out your mark-to-market for those contracts and put them on the appropriate form. Then your income will be X dollars and your taxes for the year will be some portion of...

Just look at the forms. If you pay no estimated tax through the year and you are profitable, you will end up paying underpayment of estimated tax penalties. So yes, you have to pay estimated tax on any income you might receive throughout the year. As other people have pointed out, actually...

In the IRS's eyes, your goal is to pay the correct amount of tax each quarter. If you lose in one quarter and paid the previous, you probably should not pay any estimated tax for the loss quarter. However, you can't take back a payment you made so it is all a guess. How do you know if you are...

It's an ADR that tracks INDV.L (traded in London). And INVVY is trading at about a 200% premium to INDV.L. Hope you get a bounce so you can sell into it.

For sure I'm not using any news feeds that you would call "premium." Still, there are so many bots that repost news on StockTwits quickly that I've found it to be a decent poor man's news feed.