by Leif Jensen | May 17, 2022 | Investing, Money Management, Taxes |
If you meet the definition of “Trader” by the IRS you can choose to use the mark-to-market rules, investors cannot. If a trader doesn’t make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of...
by Leif Jensen | May 16, 2022 | Investing, Money Management, Running a Business, Taxes |
Are you a “Trader” or an “Investor” in the eyes of the IRS? Special rules are in place if you’re a trader in securities, in the business of buying and selling securities for your own account. The law considers this to be a business, even though a trader...
by Leif Jensen | May 4, 2022 | Economy, Investing |
What is a staking reward? Have you even heard of staking or staking rewards? Staking rewards are an incentive that blockchains provide to participants. Each blockchain has a set amount of crypto rewards for validating a block of transactions. When you stake crypto...
by Leif Jensen | Apr 20, 2022 | Investing, Money Management, Rant |
One client this tax season was asking me what I thought the economy was going to do in the near term, this gentleman is slightly older than me. I started by reviewing that 2021 was a gangbuster year, that most of my accounts had hit their highs and that I was pleased...
by Leif Jensen | Jan 24, 2022 | Investing |
Do you feel a certain amount of dread for not owning cryptocurrencies or being part of the latest stock sparking conversations on Reddit, but don’t feel the need to jump in? If so don’t worry. According to Scott Newhouse, a financial planner stated“It may feel like a...
by Leif Jensen | Nov 22, 2021 | Investing |
Have written before about Bitcoin and virtual currencies. I am not a fan. People whom I expected to embrace virtual currencies are avoiding them and other are embracing them, who I thought would never touch them. But now investors now have a new option for gaining...
