I have a job, I make about 50grand or so at my job. I also go to school etc.. But what i really enjoy and want as my career is to trade.. I mostly daytrade at this point.. 1 trade a day or so. How can I save the most money when it comes to taxes? (i have stuff to write off, i bought a bunch of monitors, software, etc) I personally feel my trading is like my little business I am starting up.. and my job is there just to fall back on, and is something I want to get out of. Should I do my trades as Sole Proprietorship, LLC, or just keep it as personal income.. Is there really any way to save substanitally on taxes? or has the IRS pretty much closed any loopholes that there might had ever been when it comes to trading?