IRS, Tax related strategies--Traders | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends
IRS, Tax related strategies--Traders

An SI Board Since June 1996

Posts	SubjectMarks	Bans
1383	160	0

Emcee:	Type: Unmoderated

Introduction Compact

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
308	Short-term gains are taxed, as you know, at your top rate. There's little	Colin Cody	-	5/23/1998
307	Monty, nothing wrong with an LLC. The big difference is the COST. An LLC cos	Colin Cody	-	5/23/1998
306	Monty, Glad to see you here! My own "trading" activity is about as	Colin Cody	-	5/23/1998
305	Hi I am new to this thread and find it very informitive. I retired on Dec. 31	Adivino	-	5/23/1998
304	Order Ted Tesser's Tax Survival Guide from Barnes & Noble. It is very	WallStBum	-	5/23/1998
303	Colin, I think the trend is more away from GP's to LLC's. I see very f	Monty Lenard	-	5/23/1998
302	Colin, I do some trading but not to the extent that I would consider myself a &	Monty Lenard	-	5/22/1998
301	Monty, Of course YOU are 100% correct. It is a shame that what the public sees	Colin Cody	-	5/22/1998
300	"The IRS audits you and takes the position that you are a trader, not an i	Monty Lenard	-	5/22/1998
299	Thanks Colin. EOM	Daniel Elkayam	-	5/21/1998
298	A General Partnership, or Joint Venture would be fine. If the parties are all	Colin Cody	-	5/20/1998
297	Anyone here runs their trading as a business? I have 2 people who would like to	Daniel Elkayam	-	5/20/1998
296	Wall, <i>But can't you become subject to lawsuit, if say, one of your	Colin Cody	-	5/13/1998
295	<i>Just wondering why the Clubs recommend going the LLP / S-Corp route.&	WallStBum	-	5/13/1998
294	Don, All you say about the Nevada LLP makes sense to me now! But I do wonder	Colin Cody	-	5/8/1998
293	Colin, I don't think we will have to register as a foreign entity in CA ..	Don Roberts	-	5/8/1998
292	Don, If you form the LLP in Nevada but you live in CA, there is the possibility	Colin Cody	-	5/7/1998
291	A LLP in NV is only cheaper to set up than in CA ($85 per year vs. $800), and t	Don Roberts	-	5/6/1998
290	Don, Not necessarily so if you form the LLP under Calif Law. Perhaps forming	Colin Cody	-	5/6/1998
289	WSB, That is correct, an LLP would past the tax attributes to you personally,	Colin Cody	-	5/6/1998
288	Don, while much of what you imply about a Nevada Corp is TRUE... So What? WH	Colin Cody	-	5/6/1998
287	Florida has a ruinous intangible tax, imposed by the legislature (IMO) because	Spots	-	5/6/1998
286	Dax-- We are setting up a limited liability partnership, rather than a corpora	Don Roberts	-	5/6/1998
285	Don - I once read that over 50% of all US corporations are incorporated in the	WallStBum	-	5/6/1998
284	>The only problem with paying once at the end of the year is that >if you	Don Roberts	-	4/27/1998

Go to reply# or date (mm/dd/yy):