Implications tax of trading day pattern


Tax implications - Day Trading. As far as my internet research goes.as long as you are paying STT on your paftern transactions, it would be classified under the 15% bracket. To qualify for these lower taxes on patten of shares, a Securities Transaction Tax (STT) must have been paid on the sale transaction. I reinvested that cash, but lost all my funds on April 14, 2000, when the Nasdaq crashed and I was forced to implidations because of margin calls (demand by a lender to repay amounts borrowed against a stock portfolio).

Many day traders, those who use th e Internet to execute stock trades on a daily basis for their own personal gain, are in for a rude tax surprise. Not only are their STCGs taxed at ordinary income rates (as high as 45 percent for federal and California combined), short-term capital losses (STCL) incurred in the subsequent.




Tax implications of pattern day trading

Tax implications of pattern day trading