April 1, 2024
Marcum’s Brandon Blitzer breaks down tax adjustments for securities trading for NYSSCPA
NYSSCPA
By Brandon Blitzer, Director, Alternative Investment Group
Excerpt:
In the dynamic world of financial markets, investors and traders employ various strategies to maximize returns and manage risks. However, these strategies often come with complex (at times, costly) tax implications that can significantly affect the taxable income reported. Understanding the common tax adjustments that arise from trading in the financial markets (e.g., wash sales, straddle adjustments, constructive sales) and the methods to remedy or control the amount of the adjustments are key to a tax-efficient trading strategy.
