Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 02-26-2017, 10:25 PM
Junior Member
 
Join Date: Feb 2017
Posts: 1
Exclamation Trading stocks individual account

I have started to trade stocks actively. I was thinking about setting up an S-corp or LLC and trade stocks under the name of that corporation to get expenses deduction benefits. I found out that my broker allows only individual trading accounts. Will I have to list all the gains as ordinary income while filing taxes or is there a way of getting some deductions? Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Cost basis for stocks inherited from an individual through a Residuary Trust dwgoodgroup Capital Gains 0 02-20-2015 06:50 AM
Stock Trading Loss in Individual Account reflected in S-Corp [email protected] S-Corporation 0 11-24-2014 01:46 PM
Who is considered an "eligible individual" for Health Savings Account? TaxGuru Medical 0 10-26-2009 12:38 AM
What is the minimum withdrawn out of an individual’s IRA account at Age 70 1/2? TaxGuru IRA/Sep 0 09-09-2008 10:38 PM
tax ramifications of trading-in joseph Auto Expenses 0 12-16-2007 01:55 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.