Suggestions to cut down on Short Term Capital Gains Taxes for Day Trader in USA

Discussion in 'Taxes and Accounting' started by Lego, Dec 26, 2022.


  1. To reduce the most from your tax bill in capital markets is a two step process, structure the entity you’re trading under properly to flow through and schedule weekly or monthly inter transfers

    This will have a 60-90% reduction in tax liability
     
    #21     Mar 24, 2023
  2. %%
    Good \on no taxes on Roth+ or back door Roth.
    May want to include some longer term trading;
    i understand Don Bright Daytrading Co did. May or may not have reduced his tax bill.
    Probably helped him some way\ i think he did business in Silver State to avoid CA taxes:caution::caution:
     
    #22     Apr 6, 2023