Taxes: how do you report your day trading profits

Discussion in 'Taxes and Accounting' started by LowRisk, Feb 18, 2006.

  1. trader59

    trader59

    If the k-1 you receive is on your name and Social Security# there isn't anything you can do but file Scedule E.
    Not legally. Not even illegally.
    If the firm where you trade will allow you to trade a sub-LLC, that's a different story.
    Then it all depends on your numbers.
     
    #11     Jun 3, 2009
  2. are you trying to set up a retirement account because you feel you should have one or are you trying to set up a retirement account that lets you day trade???
     
    #12     Jun 3, 2009