Calling TTS: how much do you typically make per year?

[turkeyneck]

I wonder how much you typically make per year from trading to justify TTS as hiring a trader tax accountant like Green for ongoing bookkeeping, etc. is not cheap. Is there some sort of "minimum" gain per year consistently before you should even start looking at going TTS?

 

[Girija]

I wonder how much you typically make per year from trading to justify TTS as hiring a trader tax accountant like Green for ongoing bookkeeping, etc. is not cheap. Is there some sort of "minimum" gain per year consistently before you should even start looking at going TTS?

TTS has nothing to do with gains. You should prove that you trade regularly and continuously. IRS does not define number of trades but a case law is the reference. 720 trades in a year is a std reference. Anything less, in a audit you should be able to substantiate.

 

[mervyn]

Total your fixed costs, rent, utilities, internet, platform/software subscriptions, healthcare premium, etc. Those are minimum number to break even, assuming CPA on and off for tax and consultation 5 grand a year.