Thread: Forex and Tax
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Old 11-11-2004, 11:27   #2 (permalink)
1ahkalg
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Forex And TAXES

Hi Darkman,

I'm in my second year of trading full time. My suggestion is to seek professional help. There are man benefits you can receive if you know how. Also, different personal circumstances can play a role in what is best for you. In my situation I am setup as an
S Corporation because it allows me to separate what I actually pay myself from the dividends my company earns. Whatever you decide to do, ask someone if incorporating is right for you. You can save a decent percentage from just being a Sole Proprietorship. I hope this helps. Good Luck with your trading...
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