US tax walkthroughs (general information)

Worked examples of short vs long-term capital gains, crypto as property, the wash sale rule, trader tax status and the pattern day trader rule. General information, not tax advice: check the IRS, FINRA or a licensed tax professional.

Module 20 of 26, in the stage "Your plan". 5 lessons. Tax modules are specific to where you live, and the course shows each reader one of the three.

Lessons

1. A year of stock trades, workedTell short-term and long-term capital gains apart, and see why the holding period changes your tax rate. 18 min.
2. Crypto tax, workedTreat crypto as property: swaps, staking rewards and record keeping. 18 min.
3. The wash sale rule and your recordsAvoid the wash-sale trap on stocks, and keep the records Form 8949 and Schedule D need. 16 min.
4. Investor or trader in the IRS’s eyesKnow the three tests the IRS uses for trader tax status, and what the mark-to-market election changes. 16 min.
5. The pattern day trader rule and the $25,000 minimumKnow when FINRA classifies you as a pattern day trader, and what that means for your account. 14 min.

Keep going

• Previous module: Your mindset, tax, scams and scores
• Next module: Reading a chart
• All 26 modules and 157 lessons
• Open the first lesson in the course

General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.