10 Mistakes Traders Make When Filing Taxes
[Guest article today]
Itâ€™s that time of the year again â€“ Tax Season. Maybe youâ€™re the type of person who is way ahead of the game and your financials have been meticulously handed off to an expert accountant, or maybe youâ€™ve been a bit of a slacker.
Regardless, if youâ€™ve spent any time dealing with investments this year, you should be aware of the tax implications before you file.
Traders and investors have wildly different rules to abide by when it comes to doing their taxes. Depending on your profits or losses, the guidelines may be surprising.
Read on for the ten most common mistakes traders make when filing their taxes, and learn how you can reduce your odds of being audited and stay in compliance.