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The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies by Guy Cohen

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Chapter 8. Taxation for Stock and Options Traders

Introduction

U.S. tax laws concerning trading, and options in particular, are absurdly complicated, so to avoid many sleepless nights, you should hire a decent tax consultant for your annual investment P&L.

In this chapter, we'll attempt to uncover some of the mysteries of the U.S. tax system; however, the summaries are meant to highlight the complications of the rules and steer you toward the appropriate professional advice.

Overall, it's sound practice to concentrate on perfecting your Trading Plan first and worry about the tax later. On the whole, we shouldn't mind paying tax on our trading activities because typically this means that we've been profitable. Unfortunately, the authorities ...

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