LLC for Trading
#3
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 .

Cheer
Làm người huy hoàng phải chọn làm người dân Nam ...

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Messages In This Thread
LLC for Trading - by cdoan - 2018-02-20, 08:01 PM
RE: LLC for Trading - by TayNinh - 2018-02-20, 10:08 PM
RE: LLC for Trading - by cdoan - 2018-02-21, 10:56 AM
RE: LLC for Trading - by guest1221 - 2018-02-21, 06:07 AM
RE: LLC for Trading - by cdoan - 2018-02-21, 10:58 AM
RE: LLC for Trading - by KylieSandersonE8Kf - 2021-02-03, 02:51 PM