TradeKing Taxes and Trading Report

March 31, 2009

TradeKing has released the latest edition of their “Intelligence Report” series, this one is called “Taxes and Trading”.  It caught my eye since just yesterday I just published our Investor’s Tax Guide.

TradeKing Taxes & Trading

Of course I was curious and downloaded the TradeKing report to see how it compared to the information in our investing tax guide.  They cover some of the same terminology such as cost basis and capital gains and how you can carry over capital losses over from one year to the next.

One of the things that the TradeKing report talks about that we missed was wash sales.  It goes into detail about what a wash sale is and gives specific wash sale examples.  The report has a section on retirement accounts but doesn’t go into as much detail as we do about options for deferring taxes on investments.

Next time we revise our report, I’ll make sure it includes more details on wash sales.  I’ve gotten several questions via email on wash sales, for now I’ll just refer people to the TradeKing report.

Downloading the Reports

As I expected, our investing tax guide and TradeKing’s report have some overlap, but each also offers details not found in the other.  You have to submit your email address to download the Taxes and Trading report from TradeKing, which wasn’t a big deal for me since I’m already a customer.

You can get our Investor’s Tax Guide when you signup for the free newsletter, I guess the good news is that both reports are free!


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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