Hello, Here is my question: I day trade only ES and I also have a full time regular 9 - 5 job. Which one of the following 2 options is better in order to pay less taxes? 1) I trade under my own name. I understand that under this option the IRS does not allow me to use the trader status since I have a regular job. 2) I open an account in my dads name. My dad is retired and I support him financially I do claim him as my dependent on my income taxes Question: If the expected profit from day trading ES is $100,000 per year. Then which one of the above 2 options is advantageous? Am I better of trading under my name and claiming my dad as my dependent on my taxes (he does not file income taxes on his own)? OR Am I better of trading under my dads name and he would qualify for active trader status and he file income taxes separately. Is option 2 better than option 1? Please advise the pros and cons and thanks a lot. Thanks