Taxes: how do you report your day trading profits

If the k-1 you receive is on your name and Social Security# there isn't anything you can do but file Scedule E.
Not legally. Not even illegally.
If the firm where you trade will allow you to trade a sub-LLC, that's a different story.
Then it all depends on your numbers.
 
are you trying to set up a retirement account because you feel you should have one or are you trying to set up a retirement account that lets you day trade???
 
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