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Is there any benifit in opening a corp for stocks?

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Money Talk > Taxes

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genjix
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Is there any benifit in opening a corp for stocks?  Reply with quote  

I do short term trades (etrade). Hold stocks for around 3 days and sell. Is there any benifit if I did this under a corporation? Like business expenses or any tax write offs? or if I paid myself a salary from this company and profit sharing, and make little annual income from my day job, would I be taxed less then if i were to just report captial gains from personal account?
Post Wed Jan 19, 2011 8:32 pm
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coaster
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You might pick up a copy of a book titled "The Trader's Tax Solution" by Ted Tesser.
Post Thu Jan 20, 2011 7:31 am
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genjix
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quote:
Originally posted by coaster
You might pick up a copy of a book titled "The Trader's Tax Solution" by Ted Tesser.

thanks
Post Thu Jan 20, 2011 9:21 pm
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MrPolarZero
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well I don't have any experiences on this. But based from a little knowledge of mine, holding stocks under a corporation would give you a higher profit Smile

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Post Thu Feb 10, 2011 5:06 am
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coaster
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Oh? care to expound on that?
Post Thu Feb 10, 2011 7:12 am
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