I have recently started trading the emini contracts. Prior to that, I have been daytrading stocks. I am trying to find more information about the tax implications of day trading futures.
The tax implications for trading stocks appear fairly clear. Including the handling of mark-to-market filing. There are several good websites about tax implications for trading stocks, such as:
http://www.fairmark.com/traders/index.htm
However, it is not clear to me if the same tax advantages are applied to futures traders. For example payment of self employment tax.
Stuart
The tax implications for trading stocks appear fairly clear. Including the handling of mark-to-market filing. There are several good websites about tax implications for trading stocks, such as:
http://www.fairmark.com/traders/index.htm
However, it is not clear to me if the same tax advantages are applied to futures traders. For example payment of self employment tax.
Stuart