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Idk cam seems like he is selling something. Takeprofitsalways is just giving free value from what I see

It's not the same person. Takeprofitsalways is a light skinned asian guy with glasses and is legit from the video I watched. Cam seems like a scam

I couldn't find anything about takeprofitsalways selling a course. I think he genuinely wants to help new traders

Is he legit? His youtube channel is takeprofitsalways

This year has been amazing. Yes 2020. I read C corp is bad in California and S corp main benefits is health insurance and retirement plan. I am in my 30s so my health premium is only 2k a year which isn't much. I'm more wondering about the 59k profit sharing and retirement plan though

Because if people think I am a troll, I would not get serious answers. Is greentrader good? I heard mixed experiences hence why I haven't contacted a cpa yet. Any other recommendations or can someone answer my question that has experience? Thanks

If someone posts a serious answer here I'll post proof if needed

Just wondering what entity people here have and how it can benefit if I have 500k gains this year

Ah, so it would be hard to do both in the same account then?

My question was would I be disqualified from mtm if I daytrade 200 times a day while mixing it up with long term holds in the same account? Would I lose mtm status if I held an investment for more than 31 days and for over a year? Or would my active daytrades lower the 31 day average security...

I would definitely qualify for mtm but what happens if I want to invest in half the stocks I own and actively daytrade the other 50%? Does the holding period of 31 days be negated by my daily trades for the long term holds?

I am a daytrader but now want to invest due to the low prices. Let's say all in the time span of under 30 days trading the same stock: Trade 1: I lose $5k after buying and selling. Trade 2: I lose 2k after buying and selling. Trade 3: I make $10k after buying and selling. Trade 4: I am up...

Can I make a S corp or llc in April for daytrading, and contribute 59k to a retirement plan to deduct against my personal income from Jan-march? Basically, can a retirement plan be used to write off against personal income made earlier in the year? If I made 300k on my own personal income tax...

Just wondering why so many people do it then. Will it help me if I live in California?

Thank you, so what would be the point of a LLC / s corp if the gains and losses are treated the same? I made 300k so far this year and I am just trying to lower the tax I pay. I am 30 years old and have a private health insurance plan so not sure how it would benefit besides a retirement plan. I...

Let's say I create a LLC or S corp in April, can I deduct against personal capital gains I have already made when I closed out my short term personal gains from January until March? If I made 300k from January until March, can I start a LLC/ S corp and deduct retroactively the gains I already...

Basic securities on Nasdaq. Will I save a lot doing this if I have 300k profit in a personal account before the LLC was created? Is this correct, I can not retroactively apply deductions to a personal account since a LLC has a separate tax eid so the income are in two separate buckets? And...

Anderson isn't trustworthy and are unethical . They use high pressure selling to get you to sign you up for a more expensive package that you do not need.

2) There is a 75-day window from entity inception for the entity to make tax related elections. So it would be possible for me to retroactively deduct against my realized capital gains? I just have to move fast before the 75 day window right??

I'm trying to find a way to deduct and write off the profit I already made from Jan- March 26th mainly. And I did not know I would lose all my SSI contributed if I don't contribute greater than 5 of 10 years