I'm looking at the advantages of trading as an LLC. I'm a very profitable trader. That is very positive with interest income, long and short income. I've done a moc tax return. I've found that I am coming up with a Passive Activity Losses that seems will never get deducted from my tax bill. My trades consist of 1256 trades, and I wouldn't want to give up that tax advantage. Though I would like to be able to write off things like Franchise taxes, my internet expenses, and a partner meeting that is held in Hawaii. Is this possible?