2018-02-21, 06:07 AM
Hi bro Cdoan , it is a little bit complicated to go this route . The IRS does not allow trading as a business activity in a LLC or " company " . Therefore one can not claim trading gain or loss as " income / expense " thus you can not deduct other expenses as a company when filing tax . All profits and losses are considered taxable just like an individual tax bracket. This is for normal trading , meaning you buy and sell now and then .
If you are a true day trader , meaning you have more than a certain numbers of transactions daily , as in trading full time , then you might apply for a " trader status " with the IRS . In this situation , you can use the complicated tax law to report gain , loss , claim business expenses and other deductible items.
Bottom line, Khoa nghĩ bro cũng như Khoa , we don't buy and sell everyday , so bro open a LLC , không có make any differences in tax reporting annually .
If you are a true day trader , meaning you have more than a certain numbers of transactions daily , as in trading full time , then you might apply for a " trader status " with the IRS . In this situation , you can use the complicated tax law to report gain , loss , claim business expenses and other deductible items.
Bottom line, Khoa nghĩ bro cũng như Khoa , we don't buy and sell everyday , so bro open a LLC , không có make any differences in tax reporting annually .
Làm người huy hoàng phải chọn làm người dân Nam ...