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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (519)10/14/1998 3:58:00 PM
From: Colin Cody  Respond to of 1383
 
Dennis, IMO no self-employment medical ins deduction either. no IRA, no keogh or pension, no disability ins... if you're a Trader.

If you WANT to pay SECA tax and thereby get some or all the above deductions, you can do so by setting yourself up as a corporation, for instance, or a partnership or LLC. Depends on what you want to do. See your tax planner and legal advisor to design an overall family tax minimization and asset protection plan.

Colin


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