Recent content by blacknewt

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    Filing tax return as Trader Status and Mark to Market Election

    A US based broker will need the following in order to open an LLC trading account: - Articles of Organization - Operating Agreement - Certification letter from the Department of State (Secretary of State) - Listing of owners who own 10% or more with social security number and address -...
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    Filing tax return as Trader Status and Mark to Market Election

    Thanks for your swift replies... I wish I understood the rules more clearly last year -- I wouldn't have wasted the money on forming the LLC. I was under the impression that in receiving a Fed EIN number and establishing an LLC name I could simply collect all trading activity under one...
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    Filing tax return as Trader Status and Mark to Market Election

    I am hoping someone may provide an answer to this once and for all... I traded 1256 contracts heavily throughout all of 2009 from a personal trading account using my SS# and my full name. I generated losses in excess of $3000. In December 2009 I established an personal LLC and received a...
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