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Day Trader Saves $20K In Taxes Using an LLC!

Wise Phenomenal
Wise Phenomenal
31 Jan 2021

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!

🧟‍♂️ Connect With Me On Social Media!

🤑 Click Here To View Our Free Day Trader Tax Resource Center🧠

⭐Schedule A Trader Tax Consultation!

⚡️My Recommended Day Trading & YouTube Equipment! https://www.amazon.com/shop/tr....adertaxcpa?listId=10

🤑My Recommended Day Trading Broker & Solo 401k Provider!

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

⭐New to Trading/Investing? Take a baby steps with these introductory investing apps:
► Sign up for Robinhood and get a free stock!

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.

AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.

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