Suggestions to cut down on Short Term Capital Gains Taxes for Day Trader in USA

[Business2122]

Here's a tax question that I can't find a good answer to on nearly any forum;

Suppose you are a very successful day trader, making many, many trades per day, buying in and out of different stocks on a daily basis, often holding for a day or two or three before selling for a small profit many times a week.

What are some things they can do to minimize the incredible short term cap gains taxes that accumulate? Is there some kind of business structure? Is there some kind of write off that can be used? I'm sure there are a number of things that can offset the tax liabilities, if anyone can add to the list I'd be very interested in the suggestions. Thanks in advance!

To reduce the most from your tax bill in capital markets is a two step process, structure the entity you’re trading under properly to flow through and schedule weekly or monthly inter transfers

This will have a 60-90% reduction in tax liability

 

[murray t turtle]

Some light reading. I would suggest a consultation. As an alternative, I use a Roth IRA for the bulk of my investing and trading. No taxes.
https://greentradertax.com/how-to-set-up-a-trading-business-for-optimal-tax-savings/

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Good \on no taxes on Roth+ or back door Roth.
May want to include some longer term trading;
i understand Don Bright Daytrading Co did. May or may not have reduced his tax bill.
Probably helped him some way\ i think he did business in Silver State to avoid CA taxes