Online Trading Academy Tax Director Provides Solutions to Everyday Traders and Investors for 2013 Tax Return Planning

Trading Academy Tax Director, Michael Atias, Provides Traders With 2013 Tax Filing Strategies to Help Minimize Risk

Irvine, CA, December 30, 2013 - Online Trading Academy tax director, Michael Atias, provided 2013 tax return planning best practices for investors and traders.

According to Atias, the best investment a trader can make before year-end is in capital expenditures such as equipment and furniture to accelerate deductible expenses. Traders can use Section 179 to claim a large portion of the capital expenses as depreciation or amortization expense.

“Many everyday traders and investors have been coming to Online Trading Academy to find solutions to their tax return filings because we provide our students with the best options to receive the best return possible,” said Atias.

When traders and investors are preparing their tax return they should look at several items:

  1. Traders should file as a trader in securities to claim all trading expenses, including margin interest, in full.
  2. Confirm that the right tax treatment is used for each asset. For example, futures trading claims should be reported on Form 6781 to get the 60/40 tax split rather than on Schedule D.
  3. If a trader has capital gains for the year, sell a few more open positions; ones showing unrealized losses in order to reduce capital gains and related tax bill. However, they should not rush to buy back the positions with a January rally. This can cause a wash sale loss deferral at year-end 2013, thereby defeating the purpose of tax loss selling.
  4. Traders who consider setting up a business entity for trading in 2014 can unlock many tax benefits such as the ability to contribute into their own 401k plan.
  5. Keep hard earned 2013 profits to pay the tax bill in 2014.

To learn more about tax return planning from Online Trading Academy, please visit:

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