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Options Trading by Ann Logue

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CHAPTER18

Taxes

In This Chapter

  • The form of your profits and taxation
  • Keeping track of deductions
  • Paying what you owe
  • Tax advisers for traders

Taxes are charges imposed by the government to raise money to pay for such things as roads and defense. People can (and do) debate all night and all day about the levels of taxation and the appropriateness of some types of government spending, but you know what? The debate only matters on Election Day.

The rest of the time, you’re stuck with the laws as they are in place right now. As with so many other things, trading is a taxable activity. How it is taxed depends on what sort of trade you make, how ...

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