Day Trader Saves $20K In Taxes Using an LLC!
Day Trader Saves $20K in Taxes Using an LLC!
One of the most frequently asked questions I receive is, “Do I need to incorporate my trading within an entity”? Potentially a Partnership, SMLLC, S-Corporation, or C-Corporation?
The quick answer is — IT DEPENDS. I wish there was a one size fits all solution to this question. Each traders facts and circumstances is completely different the next.
The Top 25 Tax Deductions Day Traders Take!
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For Related Videos on Day Trader Taxes:
✅ How To Qualify For Day Trader Status
✅Why Active Day Traders Should Elect Mark-To-Market
✅ Day Trader Taxes | Strategies and Debunking The Top 3 Tax Myths!
🖥️Some of My Favorite "Tax Deductible" Trading Tools:
BenzingaPro - great for news and stock research
Scanz - great for scanning momentum stocks and news
FlowAlgo - great for scanning and spotting unusual options activity
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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