How should I be set up?

Discussion in 'Professional Trading' started by Wallyatx, May 30, 2008.

  1. Wallyatx


    I started day trading 1 year ago. I currently work for a prop firm and have a personal acct for long term trades. I am meeting with a CPA next week and wanted to hear from traders what is the best way to be set up for tax advantages?
    Thank you
  2. wildkactus

    wildkactus Guest

    This is the 20 million dollar question.

    I am setup offshore and run everything that way but, this may not be the best setup for you.

    The best thing would be to meet with several good CPA's / lawyers to get the setup that is right for you.