Trading Through A Separate Entity

Recorded Nov. 14, 2012

Trading in an entity looks better to the IRS than a Schedule C for a sole proprietor trader. Green recommends pass-through entities like LLCs, partnerships and S-Corps. (Postscript: Starting in 2014, we prefer S-Corps paying a salary to the owner due to IRS changes in connection with the Net Investment Tax. Entities must also file Form 8949 now.)

Testimonials

5 stars. I am a day-trader with several thousand trades per year. Green, Neuschwander & Manning, LLC has done my taxes for seven years now. They are always very helpful, very professional, and quite thorough. I have not been audited during the seven years, and I have been very pleased with my tax results (If I were to do my taxes myself, I wouldn't come close to the refunds I have been getting.). So as long as I have an LLC and am involved with trading, I will stay with Green!

JHM

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