中文讲座 -- 如何合法省税，大幅降低税率，(信息量很丰富，好多Trick，强烈推荐)

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greenback

Can trading be a small business?

福多多

回复 greenback 的帖子

Might need to register as a business account.

greenback

福多多 发表于 2012-2-19 12:07
回复 greenback 的帖子

Might need to register as a business account.

Now remember ... indeed, someone discussed this before ... it's a good idea, but you have to pay payroll tax ...

ellesmere

据说，对拿W2的和炒股票的没用。

silicon_beaver

greenback 发表于 2012-2-19 08:05
Can trading be a small business?

Yes. It must be the trade's primary job.

If one of your couple not working. Use her/his name to open, is the best way. Several of my co-workers run the "trade" business.
At Oregon, if use name of family members (like Dell, Fred, ,,,), then no need of registration.
Even registration, not expensive (several hundreds of $$$ a year).

terranmn

a. What you need is just a "trader tax status" to take those tax benefits, not a "trader tax entity"
b. No registration needed, just simply include a Schedule C
c. Part-time is OK
d. trading loss is OK

Qualifying business traders are treated as sole proprietors by default, and they don’t need to file forms or elections to claim this status with the IRS in advance. They simply include a Schedule C (Profit and Loss from Business) with their Form 1040 individual tax returns.

Golden rules

1. Executes trades on more than 75 percent of available trading days.
2. Makes mostly day trades or swing trades.
3. Makes close to 500 round-turn trades per year.

I ordered a 2011 GreenTraderTax Silver Package last year for ~$80. Well worth the money. Actually the "No registration needed" answer above saves you >$80 for registration.

http://www.greencompany.com/Traders/Guides.shtml

You need to order at least Silver Package. Bronze Package no tax return examples.

greenback

terranmn 发表于 2012-2-19 15:07
a. What you need is just a "trader tax status" to take those tax benefits, not a "trader tax entity" ...

Very helpful!

littletiger

terranmn 发表于 2012-2-19 14:07
a. What you need is just a "trader tax status" to take those tax benefits, not a "trader tax entity" ...

if you file schedule C for trading profit, do you still need file Schedule D?

give us more instruction on how you did your tax return?

terranmn

littletiger 发表于 2012-2-19 18:26
if you file schedule C for trading profit, do you still need file Schedule D?

give us more inst ...

Whether you have trader tax status or not, Schedule D is a must.

If you qualify as trader tax status, you can include Schedule C to deduct trading business expenses: such as home office!!!!!, computers, even Green's tax package fees, cobra's memberships fees, etc.

I'm not a tax professional. If you are qualified the Golden rules below, I strongly suggest you to order a Green tax package($80).  You can deduct at least $3000 and save at least $450 after tax.

1. Executes trades on more than 75 percent of available trading days.
2. Makes mostly day trades or swing trades.
3. Makes close to 500 round-turn trades per year.

If you are not qualified the Golden rules above, just forget about it and file Schedule D.