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  1. I

    Just started out, needing input!

    Thank you all, if not specifically replied to!
  2. I

    Just started out, needing input!

    Thanks for the input. "Have your balance on Jan 1st and your balance on dec 31st minus all withdrawals", do you mean plus all withdrawals, assuming you mean withdrawals from the trading account. Would it not be profit? Are Green's Sample returns contained in...
  3. I

    Just started out, needing input!

    Yes, I agree a tele conference is warranted, just to confirm the LLC set up.
  4. I

    Just started out, needing input!

    TY for that information link, I had seen it before, but was distracted into a tangent and forgot about it. I will buy that now! The information about "Our 2020 guide covers the 2017 Tax Cuts and Jobs Act’s impact on investors, traders, and investment managers" alone is worth the cost. In...
  5. I

    Just started out, needing input!

    Thanks for the input! This article explains the deductions very basically https://www.tradersaccounting.com/2020/02/13/four-tax-deductions-for-traders/. The Liability Protection and potential protection of assets was a goal.
  6. I

    Just started out, needing input!

    I started Trading again in March, Day Trading in April of this year. I Day Traded over 10 years ago for a bit, but real life did not allow much time for it. I have traded some in my IRA over the years. Being at home, and taking care of my 86 year old mother who has health issues, I was looking...
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