Is there any benifit in opening a corp for stocks?
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?
Wed Jan 19, 2011 8:32 pm
coaster Senior Advisor
Cash: $ 1626.30
Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
You might pick up a copy of a book titled "The Trader's Tax Solution" by Ted Tesser.
Thu Jan 20, 2011 7:31 am
genjix Member
Cash: $ 3.40
Posts: 15
Joined: 12 Jan 2011
quote:Originally posted by coaster You might pick up a copy of a book titled "The Trader's Tax Solution" by Ted Tesser.
thanks
Thu Jan 20, 2011 9:21 pm
MrPolarZero Preferred Member
Cash: $ 31.00
Posts: 150
Joined: 31 Jan 2011
Location: Aliso Viejo, California
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
