The Trader's Tax Survival Guide (Wiley Trading)

By Ted Tesser

Book Overview

A guide for traders and investors handling the current investment tax laws which helps readers exploit all available tax options for the highest possible return on their investments. Contains tips for transferring wealth to future generations, dealing with the impact of the Tax Reform Act, avoiding the 2% itemized deduction limit and more. Tax forms and a listing of allowable expense deductions are included as well as instructions on how to qualify for and profit from ''trader's status.''

• Format: Hardcover
• Language: English
• ISBN: 0471082295
• ISBN13: 9780471082293
• Release Date: January 1995
• Publisher: Wiley
• Length: 336 Pages
• Weight: 0.05 lbs.
• Dimensions: 1.1" x 6.2" x 9.3"

Customer Reviews

A must have book for traders

It's hard to write a book for everyone, but Ted Tesser's book comes close. Basic tax and investment strategies are explained as well as concepts and tax tips that even a tax professional might miss. I found the book enjoyable to read, totally unlike many of its genre. It is written in a very amusing fashion and the liberal use of anecdotes makes it even more entertaining. It is hard to believe that a book this informative could be so much fun to read.The chapter on " This Business Of Trading" alone is worth the price of admission. Being a "trader" has numerous advantages over being an "investor" and this chapter shows you how to create a Trading Business. It clearly spelled out the differences between a "market maker", "investor", and "trader" and showed how one can graduate to a trader status (with the its many tax credits) from an investor. It is possible that making this switch could save thousands of dollars. The amount of money you keep is more important than the amount of money you earn and Tesser makes this abundantly clear. The sections on retirement and estate planning are extremely useful.Tesser is aggressive in his approach with the IRS and you may not feel comfortable with all of the deductions that you are entitled to. Checklists and worksheets make it easier for you to choose your comfort level.I strongly recommend this book for both the beginner and advanced investor (trader) alike.