Corporation/LLC/ETC....Best Trading Vehicle for Taxes

B

bcavender

I am wanting to look into trading from a Corp or LLC (or whatever) to get the tax advantages of more deductables rather than trading as an individual. (I already have a Subchapter S corp for part time work now.)

Where is the best place to get info on the pros/cons and how best to approach this? Maybe someone has written a book on this?

I appreciate your comments!

Bruce
 
Quote from bcavender:

I am wanting to look into trading from a Corp or LLC (or whatever) to get the tax advantages of more deductables rather than trading as an individual. (I already have a Subchapter S corp for part time work now.)

Where is the best place to get info on the pros/cons and how best to approach this? Maybe someone has written a book on this?

I appreciate your comments!

Bruce
More...
Bruce,

Greentradertax guy has a wealth of information on this site and on their own site.

Take a look at :

http://www.greencompany.com

nitro
 
You can deduct all your expenses on a Schedule C if you qualify for trader status. You don't need to form a separate entity.
 
Would a prop firm work with you... or let you work if I make a LLC and do business through the LLC with the prop? Legally viable?

Specifically, a question for God Bright... I mean Don Bright...

"In Don We Trust"
 
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