Colin Cody is a CPA and the owner of TraderStatus.com. Here we talk about who qualifies for trader status with the IRS, what it means in terms of deducting losses and expenses, how it differs from trading through an LLC or corporation, and what you need to do to elect the "mark-to-market" strategy on your taxes. A great primer for those traders who want to learn more about writing off losses and trading expenses without having to actually sell your positions.
