If you are a securities trader eligible for trader tax status (TTS), consider making a timely Section 475 election for 2019. Section 475 means you'll avoid wash sales and the capital loss limitation, and you will become eligible for the 20% qualified business income deduction.
If you are a securities trader eligible for trader tax status (TTS), consider making a timely Section 475 election for 2019. Section 475 means you'll avoid wash sales and the capital loss limitation, and you will become eligible for the 20% qualified business income deduction.
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