The Pattern Day Trader (PDT) account minimum rule was eliminated on June 4, 2026. Standard margin accounts now will normally only require $2000. Although PDT is not technically a tax issue, this recent change will likely be important for many day traders. This story from Schwab explains more details of the change.
Please note: THIS HAS ABSOLUTELY NO IMPACT ON TAXES. This is NOT the same as Trader Tax Status (TTS).
Contact us today to discuss how PDF and TTS affect day traders and their taxes.
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