{"id":71374,"date":"2018-09-07T18:37:36","date_gmt":"2018-09-07T18:37:36","guid":{"rendered":"http:\/\/tradertaxcpa.com\/?p=71374"},"modified":"2018-09-10T20:12:45","modified_gmt":"2018-09-10T20:12:45","slug":"the-top-20-tax-deductions-for-day-traders","status":"publish","type":"post","link":"https:\/\/www.tradertaxcpa.com\/index.php\/2018\/09\/07\/the-top-20-tax-deductions-for-day-traders\/","title":{"rendered":"The Top 20 Tax Deductions For Day Traders"},"content":{"rendered":"<header class=\"entry-header\"><\/header>\n<div class=\"entry-content\">\n<p>Tax Season after Tax Season it amazes me just how many tax deductions traders miss!<\/p>\n<p>We\u2019ve compiled a list of the most common tax deductions available for a trader who qualify for trader status. \u00a0Please note that the IRS\u00a0has an entirely set of different rules for traders classified as \u201cinvestors\u201d.<\/p>\n<p>This list is meant as a guide and if you have questions about taking a deduction, please feel free to\u00a0schedule a consultation.<\/p>\n<ul>\n<li>Chat or trading room subscriptions<\/li>\n<li>Data feeds<\/li>\n<li>Software subscriptions<\/li>\n<li>Newsletters &amp; newspapers<\/li>\n<li>Trading books &amp; publications<\/li>\n<li>Cell Phone<\/li>\n<li>Internet service<\/li>\n<li>Seminars (including transportation &amp; lodging costs)<\/li>\n<li>Webinars<\/li>\n<li>Wages paid to family members<\/li>\n<li>Rent (if leasing office space)<\/li>\n<li>Home office deduction<\/li>\n<li>Cable fees<\/li>\n<li>Computer &amp; Office Supplies<\/li>\n<li>Computer Trading Stations<\/li>\n<li>Computer Software<\/li>\n<li>Depreciation Expense on all Section 179 Assets.<\/li>\n<li>Margin interest \/ Locate Fees<\/li>\n<li>Legal Fees \/ Incorporation Costs<\/li>\n<li>Tax preparation &amp;\u00a0consultations<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tax Season after Tax Season it amazes me just how many tax deductions traders miss! We\u2019ve compiled a list of the most common tax deductions available for a trader who qualify for trader status. \u00a0Please note that the IRS\u00a0has an entirely set of different rules for traders classified as \u201cinvestors\u201d. This list is meant as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":71393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[41],"tags":[66],"class_list":["post-71374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-deductions","tag-deductions"],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Top 20 Tax Deductions For Day Traders - Trader Tax CPA, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradertaxcpa.com\/index.php\/2018\/09\/07\/the-top-20-tax-deductions-for-day-traders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Top 20 Tax Deductions For Day Traders - Trader Tax CPA, LLC\" \/>\n<meta property=\"og:description\" content=\"Tax Season after Tax Season it amazes me just how many tax deductions traders miss! We\u2019ve compiled a list of the most common tax deductions available for a trader who qualify for trader status. \u00a0Please note that the IRS\u00a0has an entirely set of different rules for traders classified as \u201cinvestors\u201d. 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