The trader's tax survival guide

Written with an abundance of wry wit and liberally peppered with eye-opening anecdotes, The Trader's Tax Survival Guide covers all the bases, including how to avoid the 2% itemized deduction limit, transferring wealth to future generations, what to do in case of an audit, how taxes affect retirement plans, and the impact of the Tax Reform Acts of 1986, 1990, and 1993 on traders. It also supplies you with all necessary tax forms, a concise listing of allowable expense deductions, and much more. Just as importantly, The Trader's Tax Survival Guide introduces you to Total Return Investment Planning (TRIP). A major component of Ted Tesser's extremely popular seminars on how to create and manage a successful trading business, TRIP is a simple but very effective methodology for evaluating your investments from a "total return" perspective that integrates good tax planning with good investment planning. Another feature that will be of particular interest to many readers is the chapter on the preferred tax status of "trader." Most investors (and their tax preparers) don't realize that you need not be a professional market maker working the exchange floor to claim "trader" status. Nor are t