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Most prop trading firms use section 475 MTM ordinary gain treatment on trading gains, and tax treatment is passed through on a Schedule K-1 to LLC member prop traders. In that case, you are out of luck if you have material capital loss carryovers, because you can only use them up against...

HUD eyes alternatives to pay for Obama refi plan - MarketWatch http://www.marketwatch.com/story/hud-eyes-alternatives-to-pay-for-obama-refi-plan-2012-02-29 Baker is trying to sell FTT everywhere possible. My comment is political. How dare Dean Baker the elite-snob and lefty economist...

Futures are section 1256 contracts with lower 60/40 tax rates by default, whether you are an investor or business trader. You get the 60% long-term capital gains benefit even on scalp day trades. The blended top 60/40 rate is 23%, which is 12% lower - almost 1/3 off- the top ordinary rate of...

Some FTT discussion on this other thread. Forums - Volcker Rule http://www.elitetrader.com/vb/showthread.php?s=&threadid=236721&perpage=6&pagenumber=4

Here are my notes for an interview on 8949 that I am doing later today at the NYC Traders Expo. What's new this tax season? Form 8949 for securities transactions. 1099-Bs from securities brokers will look different and be very challenging for many traders to decipher. Traders have a big...

Hi Don. We discuss FTT in full on another thread. FTT proposals in Europe are "cascading" on all parties to a transaction. It's not stamp duty like in the UK, where the UK exempts market makers and the tax falls on investors. The proposals if passed will affect transactions in America, where...

I sent an email to the PM of Finland about FTT and got a short reply. From: x@vnk.fi" <x@vnk.fi> Date: February 17, 2012 8:51:16 AM EST To: <rgreencpa@ Subject: VS: IPS Story : Finland Joins Call for Financial Market Tax Dear Robert A. Green Thank you for your e-mail. I have forwarded...

Traders Expo NYC New York | February 19 – 22, 2012 • Marriott Marquis Hotel If you attend the Expo, please come say hello. I'll be in our GreenTraderTax booth #6312. I speak about FTT on Tuesday at 10:00 - 10:30am. Stage Presentation...

We don't form incubators, our outside law firm Investment Law Group does. GreenTraderTax and GreenTraderFunds handles accounting, tax and now audit too, but not accounting and audit at the same time. Investment Law Group has a cheaper formation if its just your own funds, around 3k. But, for...

Market pricing is based on market costs, too. An FTT monkey wrench out of the blue on any given transaction, seems unworkable for properly functioning markets. Buyers and sellers subject to FTT may seek a price adjustment to counter the FTT cost. How does anyone know this in advance with rapid...

France to push on with trading tax - FT.com http://www.ft.com/intl/cms/s/0/643c0cf0-566f-11e1-b548-00144feabdc0.html

I am guessing they are over counting their 9 votes, the minimum needed for enhanced cooperation in the EU for new EU-related tax policy. France knows it is off-base by going solo, and Sarkozy justifies it as lighting a match for the minimum 9 needed. but, he is really doing it to save his own...

Can someone give us a nice primer on day trading CFD? That's how UK-based traders avoid stamp duty which applies to stock. I guess the CFD makers in the UK will export their ideas to Paris now. http://en.wikipedia.org/wiki/Contract_for_difference...

Great article and well written. He nicely explains many of the points we made all along. FTT is political distraction and economic craziness.

Merkel is strong arming everyone. Her way, including FTT, or the highway. Buck Merkel and her fiscal-compact with austerity measures to save the euro zone, and she will ostracize you from bailouts and help in the future. Merkel still wants FTT in that fiscal pact. Even the UK is intimidated...

French cabinet approves financial transactions tax < French news | Expatica France http://www.expatica.com/fr/news/french-news/french-cabinet-approves-financial-transactions-tax_207051.html ...It still needs to pass France's Parlament, for a scheduled effective date Aug 1. French...

To my Elite friend Guru - from the fight FTT ithread - Our firm just tackled Form 8949 on a Webinar today, and my blog about it should be published by tomorrow. TradeLog is dealing with it in their software, too. The recording and blog are at GreenTraderTax. My partner Darren Neuschwander...

Nicolas Sarkozy's new tax won't make him Robin Hood | Seth Freedman | Comment is free | guardian.co.uk http://www.guardian.co.uk/commentisfree/2012/feb/01/nicolas-sarkozy-tax-robin-hood?newsfeed=true Hard to believe this is the same Guardian that was also piling on banks last year and...

Europe Tightens Fiscal Ties - WSJ.com http://online.wsj.com/article/SB10001424052970204740904577192253105056954.html The fiscal compact was signed, without the UK and Czechs. It gives Germans the comfort of more accountants, lawyers and an EU court, to monitor, control and penalize wayward...

Sarkozy Transaction Tax May Drive Investors From French Stocks - Businessweek http://www.businessweek.com/news/2012-01-31/sarkozy-transaction-tax-may-drive-investors-from-french-stocks.html Sarkozy's FTT declaration seems entirely politically motivated, and an act of desperation for him to...