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801 - Trader Taxes & 2 Sources That Can Help You

The Trading Coach Podcast

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How to Take Advantage of Taxes

You can take advantage of taxes, whether you are a profitable or non-profitable trader. If you have like a $12,000 loss, you can deduct $3,000 each year for four years. You can offset some of your capital gains with the previous year's capital losses. We're not really going to deal with wash sales.

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