Oliver, Do you know if this is true not only for stocks but for futures? Are there perhaps some other (European) countries where you do not have to pay capital gains tax on income from daytrading?? CU in the netherlands... Markus
I found out that the 1.5% rule only applies if you are NOT a professional trader If you trade professionally, your highest tax bracket can be up to 58% !!!!
This is to bad!! Are you considered a "professional trader" because you are daytrading in a LLC? Or is every daytrader considered a professional trader even if he trades through a retail broker? Markus
Since I do trade through an LLC, I think it will be impossible for me not to be considered professional (although I'm still waiting for confirmation from my accountant). If you trade retail and have another regular job, I think you probably would get away with it.