How Traders (Legally) Pay ZERO in Taxes

Рет қаралды 263,091

Ай бұрын

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Warrior Trading // Ross Cameron // Day Trade Warrior

Пікірлер: 675

@dominicschaefer8738 Ай бұрын

It’s easy for me to pay 0 income tax. I only lose money 😂

@nepalianstallian2514 Ай бұрын

😃

@mursestocks8196 Ай бұрын

Same😢😂

@umbertodiotalevi446 Ай бұрын

i'm laughing so hard this is so relatable hahaha

@gavnonadoroge3092 Ай бұрын

underrated comment

@Kingscooby08 Ай бұрын

Relatable af!!

@Winterascent Ай бұрын

I'll worry about that once I make back my losses.

@greazynuts2347 Ай бұрын

Facts

@eduardoaleman2773 Ай бұрын

Same here.

@gloryoverfame2100 Ай бұрын

Same😂😂😂

@gloryoverfame2100 Ай бұрын

Least I’m aware

@banginzaza Ай бұрын

Hell nah 😂😂😂

@Elizabeth-mh2dj 18 күн бұрын

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

@Stephine-un5zs 18 күн бұрын

There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

@SirBenjamin-oq1wd 18 күн бұрын

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

@MablePauls 18 күн бұрын

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

@SirBenjamin-oq1wd 18 күн бұрын

Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@MablePauls 18 күн бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@Shurredz Ай бұрын

For the Roth IRA option , you can set up a “copy trader” software so that when you’re taking trades in your main account, it copies trades in your Roth automatically. You can set ratio values too depending on your account size differences. Cheers gents 🥂

@DaytradeWarrior Ай бұрын

Interesting, thanks for sharing!

@janetdungan2878 28 күн бұрын

how

@JOEROGAINundefeated 11 күн бұрын

Which trading platform are you using for this? I just opened a Roth In Robinhood going to hop they have a set up like that

@lakaymwen2003 3 күн бұрын

I SPOKE TO A SPECIALIST IN FEDELITY ABOUT TRADING INSIDE ROTH IRA, he said PDT RULES will be broken, once I place 4 trades within 5 days in the account.

@MyTrader_Life23 Ай бұрын

Thank you for sharing Ross, This is Priceless!

@hahahoho10mil Ай бұрын

Amazing. Exactly what I've been wanting to know. Thank you so much.

@johndrop8076 Ай бұрын

valuable video. thank you, Ross.

@studentoftehuti3112 Ай бұрын

I’d like to see that $580 dollars grow to 300k in a cash account.. now that would be impressive

@Celsters833 Ай бұрын

Be happy with the 10-30% trades and it will exponentially grow

@Celsters833 Ай бұрын

And patience every time you think you wanna trade wait and it will give you a better entry 70% of the time

@jameslorevil1864 Ай бұрын

Seen it

@Tainted_soul635 16 күн бұрын

@@Celsters833I love you

@Bobby-MD Ай бұрын

Great advice. Thanks Ross!

@theupbeatplace2349 Ай бұрын

This is the best video I’ve ever seen on taxes as a trader. So many nuggets you’ve shared Ross. Thanks so much!

@denbak6185 Ай бұрын

Fantastic info Ross, as always. I need to read more about Mark To Market.

@noahhuslin 27 күн бұрын

This is my first video watching of you as I'm looking to be a new trader & understand the tax realm of things. This is golden. Preciate it 🤞🏾

@solarmilonga3170 11 күн бұрын

Excellent advice, thanks for sharing, Ross!

@TwoBlueScrews Ай бұрын

If you are not profitable, don't be going broke in your retirement accounts too. This applies to, well, probably 1% of people watching this, but I sure do appreciate the info.

@DaytradeWarrior Ай бұрын

as always, nobody should trade real money until proving profitability in SIM

@EMan-cu5zo Ай бұрын

I would recommend at the very least continue to put money into a Roth IRA and putting the money into at least a few etfs.

@FayeBae69 Ай бұрын

You could easily get a profit streak in a SIM, no guarentee your strategy works any better than anyone elses. It takes years of trading to really prove profits, which may not even be higher than just having dropped in an index fund @@DaytradeWarrior

@Vade1313 Ай бұрын

Thanks for the info buddy!

@Bev5000 Ай бұрын

This is something I was trying to figure out. Thanks so much for sharing.

@Talieization Ай бұрын

Thank you very much for sharing this very valuable information! Everyday I was waiting for your videos. It became my daily routine.

@nickbeck318 Ай бұрын

Thank you so much for this 🙏🏽

@karlbe8414 Ай бұрын

I have a Roth, solo Roth 401k, traditional IRA, several taxable accounts, solo 401k and HSA. You need an HSA! My problem is that my self employed income is low and limits my 401k contributions. Roth is key and I need to start converting. 67% of my money is in inherited IRA with RMD's. You are a bright guy! earned my subscription!

@roblake9856 Ай бұрын

Yep. HSA is a must.

@vchafab Ай бұрын

What is a HSA?

@oB_Session Ай бұрын

Sounds like a bunch of bullschit to me

@aqadaptiveintelligence Ай бұрын

bro all our small biz incomes are low. thanks gov!

@ceed3d396 9 күн бұрын

Yep, this is very advanced. Great information Ross. Thanks a lot

@macuser1232 Ай бұрын

Very important to note that if you elect for mark-to-market while you've already got a bunch of losses you're carrying over, you will NOT be able to offset those capital losses you've carried over anymore because your trading profits will no longer be treated as capital gains!

@amandariley8262 Ай бұрын

Excellent video!! So glad you made this !

@itskurt Ай бұрын

This video was absolute gold. Incredible presentation.

@user-ik9oz8uc8l Ай бұрын

Thank you for everything, I'm absorbing your idea's, knowledge, and putting them into practice. You have changed my life. Words can't explain. Mucho Mahalo!

@compagotv Ай бұрын

Great episode, immensely useful. One high expense in PR is hurricane insurance if you buy a house. Locals are not happy about the rich moving there, not paying taxes.. which benefit the community (!) and developers / wealthy individuals buying up previously public and accessible waterfront land building beachfront properties, all beaches must have public access. It's VERY heated there and confrontation is common. But yeah, buy a condo or rent something not intrusive to locals. Another accounting move would be creating a Spendthrift and other Trusts, moving all assets into them and that's a long convo worth exploring. Thanks Ross.

@Options-zj1vm Ай бұрын

Thanks for taking the time to put these tips together for the channel family here! Being a good trader is one thing, being a good man is on a whole different level. You're a good man!

@luiscruz48 Ай бұрын

One of the best video/info. Great job.

@cq7415 Ай бұрын

This is very good! Thanks for sharing.

@ericalbrecht4161 Ай бұрын

Great ideas. Thank you Ross!

@kanchikc2050 Ай бұрын

Great information. Thanks Ross.

@zackstrigin Ай бұрын

You do SO MUCH for the community man I just can’t stop learning from you!!!

@the1der Ай бұрын

I absolutely love this channel. Iron sharpens Iron

@teddymoore9938 2 күн бұрын

Very good video, Thanks!🙏

@h.6479 Ай бұрын

Thank you!

@vrgamerz8823 Ай бұрын

Ross man i took your course and ive watched all your videos and i just want to say thank you for your knowledge and hard work.

@thenamestudio Ай бұрын

Simply awesome !!!! Thanks Ross .

@ericaaker 7 күн бұрын

Thank you for this video. Seriously. Do you have any accountant recommendations?

@DavidEide-ow5yz 19 күн бұрын

Thank you very much for the amazing information

@cls1584 Ай бұрын

Great information! Thanks!!!!

@Markambler1 19 күн бұрын

Great video…Thank You!

@Tradernotahater Ай бұрын

Awesome video! Finally someone who can explain these details. I mean wtf, why is that no one can break it down like that. Damn.

@0xDanielCamarillo 7 күн бұрын

Thanks for all this info!

@nawiensharma6084 Ай бұрын

in my top 10 videos on KZfaq, this is one! Thanks for sharing.

@Dangerusc Ай бұрын

One of THE BEST explanations of how to pay less taxes, GREAT JOB Ross!! Regardless of whether you are an active trader or more passive (like me), taking the time to understand tax strategies to lower your taxable income is such an important, wealth-building mindset to have. Honestly, really good. I'm still smiling from your examples and how it works. So much better than reading an article or taking a class. Bravo 💯

@socalk1d262 Ай бұрын

Great video Ross! I've been wondering this myself lately. Also, I look forward to today's recap. KAVL & SNGX both treated me really well today!

@agentlindaliu Ай бұрын

Thanks for sharing this!

@esloc23 8 күн бұрын

Gems! Thank you Ross!

@planet3trade 17 күн бұрын

Powerful info, Thanks for sharing

@blackhawk7810 Ай бұрын

You touched on valuable information. ROTH IRA, SCorp selection, Mark to Market.

@billa3816 Ай бұрын

Please read "Income Tax: Shattering the Myths" by Dave Champion

@coocoocachooglin Ай бұрын

tl:dr?

@vlwil82 Ай бұрын

Wow what an informative video on taxes. We appreciate you 😊

@locdoctorfell Ай бұрын

Thank you for putting together this fast info. A great intro for what I need to learn next🤣

@jeffster7 15 күн бұрын

Looking forward to setting up an S-corp. Great advice. Thanks!

@GB-kl2pd Ай бұрын

Great video! Thats why I only trade cash settled indexes....they have tax benefits already built in.

@jacobh425 12 күн бұрын

Good tips, thank you Ross

@thebsoflvp3828 20 күн бұрын

Wow! Thank you so very much!

@infinitelyllc Ай бұрын

Thank you! 🎉

@strobe227 Ай бұрын

Great video. Thank you

@rawhide1231 Ай бұрын

Thanks Ross Cameron, good stuff

@GrayDuckDIYs Ай бұрын

As a tax accountant and a trader I 💯 approve this message! S Corp status is the best strategy for any type of business that has a high net profit. Can also buy your building in your name then rent it to your business. Lots of great loopholes and you break the big ones down wonderfully ❤

@lubomirdemcak8401 12 күн бұрын

Congratulation and wish all the best in the future!

@Chris-mg6vv Ай бұрын

Thanks for the advice Ross, it really cleared up some thoughts I was already having. But one question: I haven’t set up mark to market yet, I have to prove to myself I can keep this up for a year. That being so, if I’m trading the same options (which I do), can I just stop trading for the month of December, and start back up again January 1st? I’d probably try to trade different companies that month or just take a break. I know it would be really bad if I go to do my taxes and I’m told I have to pay on all my gains and none of my losses offset.

@jryer1 Ай бұрын

Excellent video. For maximum profit move to Puerto Rico, use back door Roth IRA, create an S-Corp to set up a hans-solo 401k or some variation thereof.

@Franciscodelporto Ай бұрын

Dude! I would definitely move to PR...if your job is all on line...you would find everything toy need there. And is paradise

@ghostpeppered4524 18 күн бұрын

Great advice Ross

@vincentstewart1843 Ай бұрын

PLEASE ADVISE . I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?

@wendyrosee Ай бұрын

You are absolutely right. I have same issue loosing in real trade but win in Demo.I think about giving up sometimes.

@janejane386 Ай бұрын

you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

@astrobob135 26 күн бұрын

I am no financial advisor, but money that is going to retirement should be going to long-term investments. The market has always persevered through its highs and lows. Trading money should be going to retirement. Retirement money should never go to trading.

@vincentkrawiec8211 26 күн бұрын

@@wendyroseeit’s just about the mental side of trading. You trade different with real money then on demo and that it’s manipulated is only a excuse. Do you really think the government cares about your 20€ that you put into trading?

@vincentstewart1843 19 күн бұрын

I was asked to trade with Kate floretta

@Funkotronimus Ай бұрын

❤ thank you!

@danefox4447 15 сағат бұрын

This video is actually excellent, well done man. =)

@druniversal6212 Ай бұрын

Great info!

@Challender Ай бұрын

Thank You, Ross. New sub.

@welcomeback777 Ай бұрын

Here is a better alternative. Live in Florida...No state Income tax. Trade Futures which is taxed as long term at 60% and 40% short term income tax unlike trading stocks which is short term which is much higher. Open up a IRA and trade futures out of that account...zero taxes and way better than living in Puerto Rico...Or just take a short cut and marry into money :P

@marteanderson7963 29 күн бұрын

Futures and 1256 contracts are taxed at 60% long term cap gains and 40% short term. Not what you said above.

@oni5909 10 күн бұрын

@@marteanderson7963i just don’t wanna pay taxes

@teresab208 6 күн бұрын

Futures are a whole different animal. It takes time to learn that

@reahisrael1624 16 күн бұрын

This is GOLD. Thank you so much for sharing this. My husband said he’s open to PR though. 😂 I’m Puerto Rican already, so who knows!

@esquievltax Ай бұрын

Thank you for the info goods ways to save

@johnnguyen1960 16 күн бұрын

Great strategies, thanks for sharing

@zay.25k Ай бұрын

Great lesson Ross!!

@Shurredz Ай бұрын

This is fantastic Thanks for sharing for free!

@papigus5027 29 күн бұрын

Wonderful content!

@fitchmister3158 Ай бұрын

Outstanding video!

@josephpinheiro9667 Ай бұрын

This is Gold man awesome vid

@SmartMoney3 9 күн бұрын

Thank you, I've learned more, I took notes, and will get this done, I've been making great trading profits.

@gerardaalcantara2769 Ай бұрын

How? Could make another video specifically how to start doing the trading Roth IRA?

@markoliver7439 Ай бұрын

I am intrigued now about the Roth IRA. Will definitely be looking into this. Thanks for the info!

@EMan-cu5zo Ай бұрын

It’s amazing that so many people don’t know about this. I always max mine out but I started investing when I was 38 so I was older. Wish I knew about it when I was younger.

@jeremymcqueen6893 20 күн бұрын

Great content!

@jimmcneal5292 Ай бұрын

21:45 as far as I understand it won't make your income tax higher than what you actually made. The reason for this is that the amount of loss you cannot claim as a deduction because of wash sale rule is added to the cost basis of the new security you have purchased. So you'll only pay tax only from your actual net gains and not "gross" gains. Otherwise it would made impossible to do day trading/scalping without mark-to-market election. The only implication is that you won't be able to get the $3,000 deduction.

@Yosssi 18 күн бұрын

Very well explained 👍

@ProsolutionIntelligent-ol9le Ай бұрын

Thanks for the great Information.Can i make the same structure for my account as sole proprietorship as same as you described for S-Corp?

@DaytradeWarrior Ай бұрын

I’m not certain, I would ask a CPA

@lifewcj1264 Ай бұрын

Ross! Please bring on a CPA- and have him go through the step-by step process, you could even invite one from youtube! Gosh that would be such a good video

@michaelh4720 Ай бұрын

Ross, how about IRS "Trader in Securities" election. Besides mark to market I believe you can also deduct business expenses without forming an S Corp. IRS has a publication on this election as TIS.

@brucel.2919 Ай бұрын

at the end of the day after all is said and done, we can gather that trading is more rewarding than even real estate! I have been experiencing it for 3 years and love it! and I need to set up an s corp really soon. thank you Ross for these valuable tips. I always learn something new when I watch you on KZfaq. ❤

@Jonathanpowell2023 Ай бұрын

The easiest way to not pay income taxes ever again is simply move to Costa Rica because I did and it's paradise there! And it costs 1/3 less to live there!

@DaytradeWarrior Ай бұрын

That requires giving up US citizenship

@Theo-dj7vs Ай бұрын

He might have said that in first 3 minutes of video...but who's watchin

@Francisco-Danconia 8 сағат бұрын

@@Theo-dj7vshe said Puerto Rico, not Costa Rica

@michaelferreira2651 Ай бұрын

Very informative video. Can you also teach us how to successfully trade like you?

@DavidHarperMusic Ай бұрын

Thanks Ross!

@mdarman2682 Ай бұрын

Thanks a LOT

@OlafsonN Ай бұрын

While there are benefits to becoming a proprietor, there are unique benefits to becoming a charity like not having to disclose your donors or what you do with the money. Throwing that out there.

@hitechrr 22 күн бұрын

My income is from a pension and SS, as well as any stock income. I don't think that I can put anything in a ROTH. I have been moving my money from my IRA to the Roth.

@bartg7790 Ай бұрын

In Canada we have 3 different tax free accounts, some similar to the US. I max those out every year and everything else goes into a non registered account which I pay tax on half the capital gains.

@WFO911 Ай бұрын

In your opinion ... Which co. is the best to setup this Trad. IRA and the Roth IRA?

@Matt-pn1xb Ай бұрын

Thank You

@RE-Jimbo Ай бұрын

Thanks for the good information. Do I need to worry about Wash sales if I only trade in a ROTH IRA?

@mtaylor10211 Ай бұрын

Nope.

@DaytradeWarrior Ай бұрын

No you don’t,

@DanteHawkins-nx8nj 17 сағат бұрын

Hello and thank you for simplifying the daunting, Am new, like really new, to all this. I have but one question, in the context of the theme of your video, can you drop your two cents regarding residing in Argentina? Thank you, and you have definitely got my subscription.