Top 5 Tax Deductions For Day Traders!

The Top 5 Tax Deductions For Day Traders!
When you level up in your trading career you start incurring pretty significant costs! In this video I discuss the Top 5 Tax Deductions Active Day Traders take!

🤑 Click Here To View An Additional 20+ Tax Deductions Day Traders Take!🧠

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⭐Schedule A Trader Tax Consultation!

⚡️My Recommended Day Trading & YouTube Equipment!

⭐My Recommended Day Trading Broker

🖥️Some of My Favorite "Tax Deductible" Trading Tools:
BenzingaPro - great for news and stock research
Scanz - great for scanning momentum stocks and news
FlowAlgo - great for scanning and spotting unusual options activity

For Related Videos on Day Trader Taxes:
✅ How To Qualify For Day Trader Status
✅Why Active Day Traders Should Elect Mark-To-Market
✅ Day Trader Taxes | Strategies and Debunking The Top 3 Tax Myths!

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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.

[BrianRiveraCPA]

What trading services are you guys using!?!

[johnnykanoo]

for one I love your videos! Two that was literally the smoothest intro into a sponsor that I have ever seen in my life. Well done.

[BrianLeeTrades]

The production quality going up every vid, nice!

[isiahsmith]

You sir just earned your self a new follower💪🏾. Well done!

[frunkytowntesla]

I'm am SO glad I found your channel. You, sir, are a true professional. I will certainly be contacting your firm to help me set up my Corp. (I relocated back to So. Fl. and the fact that you are based in the state sealed the deal. I look forward to working with you soon!

[JesseJosephKnox]

Great vid. I subbed. Definitely would be cool to make more videos like this. Cheers.

[peterj]

Hello Mr. Brian Thanks for the Information!!
Question pls, do i need to make a certain amount to file tax or are all the money that come from forex taxed? Thank you!

[jfkcnx]

Hi Brian, I'm filling w-2 this year and wondering if I can use once of my expensive yearly subscription as a deduction?

[christophergolden]

Thank you for opening my gate of knowledge unto day trading and tax deductions.

[overland]

Thanks for this information...always looking to reduce the tax burden...

[alex_zander_trade]

Thanks for the explanation! Question, if im traveling to another city for a training, can i deduct travel expenses- light tickets, hotel, food? Thanks in advance

[GomaaFilms]

Great video, very informative. But can I ask why your shutter speed is so slow? Might be a creative choice, but for me it felt a bit distracting. Otherwise, awesome content! Keep it up!

[SenseiXAU]

Great information!! I have just one question. Does it matter if I pay my rent on a personal account or buisness? If I plan on using my office space square footage as a buisness expenses. Thank you! 🙏🏾

[diegex]

Great videos Brian, I am in Canada, do you recommend or know an experienced CPA in day trading taxes in Canada?

[CodyHill]

Ok. What about the courses, softwares, trade set ups, ect. Which were bought before the LLC/S-Corp? There's no way to get any benefits from those?

[ThisGuyRocksLikeCrazy]

Pro tip: You don't need to necessarily spend on money in things that are tax deductible, but you have no use for them. Yes, you can write them off, but you still have to pay for it, even though they are at a discounted price.

[azaadkamal]

Awesome video!! Do you work with Day Traders from Canada as well? Keep up the great work 👍

[rauljimenez]

I see you are in Orlando. I'm in Melbourne would like to come by office and get financial advice, concerning day trading taxes.

[sunnysgadgetreviews]

What form do I need to submit for active trader status? I have enough volume.
How much do CPA charge to file taxes? I always did myself but this year wash sale losses messed me up.

[cuttingedgecool]

Awesome, awesome information Brian, I just found your channel on this Valentines Day 2021! I liked, subscribed and I'm a HUGE fan!