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Does anyone have a clear answer on this? As a trader(sole or entity), if you select MTM, you turn your trading capital gain into ordinary income. In this case, are you subject to self-employment tax?

Texas LLC filing fee $300

Oh! I didn't think about that, maybe different state has different rule regarding LLC setup. Need further study this weekend.....

I am also researching this. I am trading with IRA account in IB. The problem is you can't short in IRA account according to IB. Setup an IRA LLC and trade under LLC could be a solution. I know this IRA LLC scheme is common in real estate investiment community, but not sure whether it is also...

I think the confusion comes from the idea that trading through entity(LLC) will give you trader status automatically. According to some CPA site, this notion is not correct. You still have to meet IRA trader status requirement no matter what entity you use. In that sense, business expenses...

After searching the internet for idea and reading through this threads, I feel the right entity or no entity is really individual case by case. For someone who has another full time job (pay 30% income(W2)tax), incorporate his/her trading business like C entity may be a good way to save tax...