Do I need to incorporate a partnership or anything?

IamTheCasino said:
Im half white dumbass. Why would anyone believe some random dipshit about his account? You just sound even more stupid than you are.

AWWW bad words hurt your feewings? You are just a complaining piece of shit (typical) who loves adding -ist onto whatever hurts their feewings.

What a fuckin moron. Im sure its more like you will get consoled by a huge dick instead of this mythical "account". WHo you tryin to convince with this "big account" - you or me? I never once brought it up but now you have 3 times for no reason.

having a "huge account" doesnt mean you have one iota on wtf you are talking about. Dr. Dre has a billion dollars - doesnt mean he knows how to protect himself during a divorce, as you can see play out in live time.

Shut the fuck up Faggot.
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LMAO no dumbass my feelings aren't actually hurt that's called SARCASM.
holy shit. I think you are actually, literally the dumbest person I've interacted with in my life.

Here's a pic of our argument (me on the right)

EPKaPIzUYAAGJUM.jpg


Cheers CasinoMan. Been interesting getting a peek inside the mind of a lower life form.
 
cruisecontrol said:
LMAO no dumbass my feelings aren't actually hurt that's called SARCASM.
holy shit. I think you are actually, literally the dumbest person I've interacted with in my life.

Here's a pic of our argument (me on the right)

EPKaPIzUYAAGJUM.jpg


Cheers CasinoMan. Been interesting getting a peek inside the mind of a lower life form.
More...


ooo a meme, you are so based. What a fuckin loser, you cant even follow a forum convo.

You really need to be snuffed out, and quickly. Get a fuckin clue bitch.
 
IamTheCasino said:
ooo a meme, you are so based. What a fuckin loser, you cant even follow a forum convo.

You really need to be snuffed out, and quickly. Get a fuckin clue bitch.
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What an absolute vile, insane little cretin this guy is. What kind of person thinks somebody should be killed ("snuffed out") for arguing with them on an internet forum? This creature needs to be locked up, probably in a padded cell.
 
cruisecontrol said:
What an absolute vile, insane little cretin this guy is. What kind of person thinks somebody should be killed ("snuffed out") for arguing with them on an internet forum? This creature needs to be locked up, probably in a padded cell.
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you are one of the biggest (and dumbest) bitches i have ever come across on a forum. What an absolute pussy.

When someone has such a lack of self awareness, as you do, they arent good for much else.
 
Hi DC, I suggest the free blogs at greentradertax.com. This topic is their focus. Also, they have an eBook for about $60 that outlines the choices. I do not believe a way to avoid tax on realized gains but you may be able to deduct some expenses. If moving to a no State tax Stat is an option then that is most numerically meaningful.

This year (2021) I will meet the standards for Trader Tax Status, and file as a Sole Proprietor. It won't change the tax but allows some expensing. An LLC with S-Corp election is a common approach but laws around pass-though corp may be changing.

Qualification for Trader Tax Status is the first thing to consider. If you do not meet that grey standard then the topic comes to an end for you.

I also focus on selling premium on 1256 products. Seems so easy...until I am wrong for too long.
 
Hey thanks for the info. I'm curious how you are taking TTS with a premium selling strategy. My conversations with various folks led me to believe that you needed to be opening and/or closing numerous trades a day, almost every day. Is that what you do?
 
@dcwriter, there are no firm rules but most experts state 700+ trades/year with less than 30 hold times. My premium selling has two models. One has hold times of 1-3 days, and the other model has hold times of about two weeks, maybe three weeks at the most. Each leg is a "transaction" so it adds up. My intraday trades of the /ES adds up to a lot of trades.

Here is a link to a true expert on the topic:
https://greentradertax.com/trader-tax-center/trader-tax-status/how-to-qualify/
 
cruisecontrol said:
How about if you don't want to share anything, then just don't post? You're shitting up the thread.

Highly doubt you have anything to contribute anyways. The one link you posted is some small time stuff everyone already knows, with a click bait title.
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This guy, IamTheCasino, shits everywhere he goes....
 
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