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
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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
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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.
Thu Jan 20, 2011 9:21 pm
MrPolarZero Preferred Member
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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