Does anyone have a clear answer on this? As a trader(sole or entity), if you select MTM, you turn your trading capital gain into ordinary income....
Texas LLC filing fee $300
Oh! I didn't think about that, maybe different state has different rule regarding LLC setup. Need further study this weekend.....
I am also researching this. I am trading with IRA account in IB. The problem is you can't short in IRA account according to IB. Setup an IRA LLC...
I think the confusion comes from the idea that trading through entity(LLC) will give you trader status automatically. According to some CPA site,...
After searching the internet for idea and reading through this threads, I feel the right entity or no entity is really individual case by case....
Separate names with a comma.