Understanding Estimated Income Taxes!

[@BrianRiveraCPA]

🚀 Learn How To Slash $30K Off Your Taxes Without Being A “Tax Expert” Or Spending Money On An Expensive CPA! Free Strategy Session: www.thetaxonomics.com/strategy 🏦 BEST BROKER FOR INVESTING AND TRADING 🚀🌚💸: www.interactivebrokers.com/mkt/?src=brianriveray&url=%2Fen%2Findex.php%3Ff%3D1338 ⭐Schedule a Trader Tax CPA Consultation! (Limited Availability)

[@unknown5982]

if a put option expires out the money and is canceled and you lose the premium is it a wash sale if i buy the stock back and profit?

[@kirtanpatelr]

I’m just beginning my day trading journey and this channel has provided me with so much information about taxation aspect of day trading. I love your content. Thanks Brian!

[@The_Reasonable_Man]

Very informative! Thank you explaining this so simply.

[@kameokameo8244]

Very informative!

[@datimortgage]

Thank you for the information where to file interest, dividend, 1099B win and loss trade in the LLC sole proprietorship schedule C?

[@ommpeter]

The exact video I needed. Thanks champ

[@bassimmichael7058]

Hi. Can you please explain schedule k-1. Form 1065 . For example if we trade BOIL for natgas we will get the k1 How to report it and file and get the benefit of the losses

[@bhowaniramkaran117]

Very Valuable!

[@oceanwaves64]

Hi Brian, great informative videos. My question is, if at the end of the year I am always up in the stock market do I need to use MTM, thanks.

[@unknown5982]

if a put option expires out the money and is canceled and you lose the premium is it a wash sale if i buy the stock back and profit?

[@markCR7.]

Great video, could you please make a vide on taxes for international day traders? I am moving to the US from Kenya on a visa for studies, but I do not know much about taxes for international taxes, let alone taxes in general. I am teaching myself, but I would like to hear from the perspective of a professional such as yourself. Thank you!

[@nehemiahdiaz8609]

how can i get in contact with you ?

[@tvtyme23]

Great info...Uncle Sam does not deserve an interest free loan from my hard earned income.

[@javierizaguirre5631]

Hello, How can I get an appointment with you? I have questions about taxes when I trade futures.

[@garyw4191]

Can I put my trading account in an LLC and still collect SSDI? Or would the LLC change it from unearned income to substantial gain activity?

[@microsport3183]

I’m a new trader. I created a wash sale and don’t know what to do. The amount was four 20 shares for PLTR and the stock is going back up but no gain for me since I did that. Should I hold on to it for a long time or should I get rid of it and not ever invest in it again?

[@askchrishetrades]

Brother how can I get a call with you to find out some info for traders>?

[@janaebenton9330]

Hi! So even though I trade forex and I’m trading under a prop firm can I still pay them quarterly taxes since for example if getting payouts biweekly Would I have to send them an invoice? Or how would that work? Thanks 😊

[@SH-jv5uf]

Question: will my trading profits affect my social security benefits once I reach 62? If so, is the a entity I can form that keeps that from happening? I do consider myself reaching TTS.

[@SH-jv5uf]

Hi Brian. Thanks for the video. I went live trading the first of this year. I do check the boxes for TTS but i haven't formed an entity yet. Can I retro my entity to the first of the year to cover my activities? If not, am I exposed tax wise in some way today? Thanks.

[@BrianRiveraCPA]

You can cover your activities as a sole prop trader year 1

[@SH-jv5uf]

@@BrianRiveraCPA Thanks.

[@fordilac]

Are you accepting new clients?

[@yennyfer8351]

Hi Brian! I'm a newbie day trader and blew up my account last year 2022. Loss 10k and did not made any money at all last year from trading. Do I still have to include that when I file my tax?

[@BrianRiveraCPA]

Yes - you'll get a $3k capital loss allocation against other income

[@JG-fx8jm]

Why is this the first time I've been expected to pay estimated taxes? And why if I owe $1700 for 2022, are my quarterly payments $2900?

[@keithwisdom1663]

1700 plus what was withhelded equal your tax bill divide by 4. This equals your quarterly if nothing changes better to over pay so you get around thousand to leave wiggle room 2900 x4 12000.....so is 12k your total bill You can change withholding it's not set by employer .... W4 can be adjusted at any time Business owner can also pay whatever