Capital Gains, Minimal Taxes: The Essential Guide for Investors and Traders

Like many others I thought I knew what tax bracket I was in until I read this book.I had no idea that your taxable income started at the lower bracket until you reach the top of that bracket and then moves up to the next, and the next, and the next until you run out of taxable income. Think of putting water in a measuring cup, one incrament at a time until you reach the desired amount. As an ordinary investor, I recommend this book to anyone who owns a stock portfolio even if you don't do your own taxes, I don't do my own.

Really, really gave me a great understanding of how trader taxes work.If you are a trader there are a zillion ways to screw up your return and only one way to get it right.So be super cautious. As the book states, many CPA just don't know how to do trader taxes.A must read "BEFORE" you even start trading.

Well explained conceptsEasy to understand

I like the way book breaks out information for various businesses.1. Information for part-time traders or business.2. How to properly identify your status for tax purposes.3. Advantage of one tax status over another.4. Information concerning other resources for study.

Easy read! Very detailed with great information!

I didn't see the one thing I was looking for, the thought about putting an option on an owned stock and its effect on short term-long term holding status.

As a first year full time trader I found this book to be very helpful.

It is very clear and accurate in explaining the rules. It is not vey clear in certain chapters like Alternative Minimum Tax, or quantifying, even approximately, who can pass the trading activity test.It would have been very useful to give a definition of each rule, in a few lines, so the reader does not have to go back and read an entire chapter just to refresh his/her memory about a rule.