Thanks, Steven. Can you share the advantages that you found by forming the LLC for yourself (as your wife has her own LLC) over using "trader status"?
I have to say that taxes are not my specialty. When I did trade full time, I was very concerned about keeping my home, properly deducting expenses and a profit sharing plan, so the LLC was the way to go. Right now, any trading I do or a CTAs for me, is done in my ROth IRA, so taxes are not an issue. I believe that every trader that is active, should consult a specialist like Green Trader Tax or read the free information on their website.