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Yes, I currently work as a brokerage representative and based on my many interactions with many tax professionals, I feel that my background in finance
Yes, I currently work as a brokerage representative and based on my many interactions with many tax professionals, I feel that my background in finance as a broker gives me an edge in understanding complex topics such as bond interest amortization and inherited IRA rules among others. I love finance but I do prefer the accounting side; I like to keep records, analyze, and interpret data rather than trying to predict the markets. Furthermore, I enjoy deciphering the IRS. I am really looking forward to this class, and know of it's existence probably made me realize that I needed to go for accounting instead of finance. Additionally, another overlap with my current industry and taxation is the concept of "tax-loss harvesting" where an investor (one with a high tax liability) will choose to redeem or sell securities at a loss, thus being able to offset the capital gains at least a tad bit (Fidelity Viewpoints, 2023). I hope to possibly become an Enrolled Agent after school; I have not decided if I want to go big and go for my CPA. How do I respond to this
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