Setting Up Your Trading As A Business For Tax Savings
MP4 | Video: 640x480 | 59 kbps | 44 KHz | Duration: 1 Hours | 89 MB
Genre: eLearning | Language: English
Learn how to setup your trading as a business the right way and how to save thousands in taxes each year.
This course goes into detail about how you can save thousands of dollars each year by setting up your trading as a business.
Trading the market can be a great way to make extra income, or even possibly a full-time living. Like any business, the income generated from trading is taxable and can create significant tax liabilities for the successful trader.
In deciding on what structure to trade through, individuals can trade as individuals or sole proprietors, qualify for trader status, or trade through a business entity. For the active trader, creating a legal trading business will often provide the best tax treatment and asset protection.