Day-Trader – Should I Form a Corporation?
This is my first year making a living almost exclusively
by day-trading stocks on my home computer.
My only operating expense is my monthly internet
connection. My apartment rental is extremely low.
I choose not to have health coverage.
In short, my operating expenses shall not exceed the
Standard Deduction on tax forms.
My question is if I should just file as an individual in
2020 or is there any benefit in forming a corporation
or anything else, for that matter?
Thank you for any input.
- 1 year ago
to invest as intraday trader investor need understand the pros and cons of intraday trading and it makes you to file as corporation.Source(s): Kalkine Media
- NALv 71 year ago
A corporation status would cost you money to file another form. It also doesn't make you more respectable to the IRS.
- UndisclosedLv 61 year ago
If it does more than the estimated income, you definitely qualify to file as a company/corporation.