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Instructor:

Contributor: Interactive Brokers

Level: Beginner

This tax course is a general overview of US Federal taxes for traders and investors.

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Lesson: #1 US Taxes for Traders and Investors – Overview

This initial lesson will give you an overview of what will be discussed in the US Taxes for Traders and Investors course. Refer to the Study Notes for an online outline.

Lesson: #2 Taxation of Interest

The main topics of this lesson are: Savings Interest; Certificates of Deposit; Commercial Paper; US Treasury Bills, Notes & Bonds; Municipal Bonds; Alternative Minimum Tax (AMT); and Original Issue Discount (OID). For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #3 US Taxes for Traders and Investors – Dividends

The main topics of this lesson are: Ordinary and Qualified Dividends; Money Market Dividends; and Mutual Fund Dividends. For this lesson, refer to the Study Notes and watch the video for a synopsis.

Lesson: #4 Capital Gains for Stocks and Mutual Funds

The main topics of this lesson are: What are tax lots?; Why are tax lots important?; Tax Lot methods for recognizing capital gains; Holding Periods; Gains versus Losses – How do they offset?; and Tax Rates. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #5 Capital Gains or Losses for Bonds

The main topics of this lesson are: US Treasury Bills; Corporate & Municipal Bonds; and Bond Premiums and Discounts. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #6 Traded Partnerships and ETF Trusts

The main topics of this lesson are: Publicly Traded Partnerships; Pass - through Entity; Taxation Distributions; Reporting – the K-1; Cost Basis for Calculating Gain or Loss on Sale; and Section 199A - Qualified Business Income Deduction. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #7 Net Investment Income Tax

The main topics of this lesson are: Net Investment Income Tax; What is "higher income"?; What income is subject to the tax?; and Special Considerations for Partners/Business. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #8 Trading Expenses

The main topics of this lesson are: Margin Interest; Payments in Lieu (PIL) Paid; Tax Treatment; and Other Expenses. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #9 Tax Status – Trader or Investor?

The main topics of this lesson are: Trader or Investor?; Requirements to be a Trader; Facts and Circumstances; Tax Advantages; Audit Considerations; and Section 199A. For this lesson refer to the Study Notes and watch the video for a synopsis.

Lesson: #10 Capital Gains – Special Considerations and Products

The main topics of this lesson are: Wash Sales; Section 1256; Commodities; and Foreign Currency Transactions. For this lesson refer to the Study Notes and watch the video for a synopsis.

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