I am currently unemployed and my income has been coming from day-trading stocks and options. If I can continue to do well, I hope I will not need to look for a 'job'.
If that is the case, would there be any advantage to incorporating? I would like to deduct my expenses for office equipment and technology and subscription services.
As a corp. will I have to list each individual trade as I do now on my Sched. D?
What would be the tax advantage of incorporating if any?
If that is the case, would there be any advantage to incorporating? I would like to deduct my expenses for office equipment and technology and subscription services.
As a corp. will I have to list each individual trade as I do now on my Sched. D?
What would be the tax advantage of incorporating if any?
Dan V.
None whatsoever. A corporation simply offers limited liability. Who would sue you? You can deduct all legitimate expenses as an individual.
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