Відео

Brian, you are the man! As of right now, the past month I’m sitting at realized gains of $10,000, and disallowed loss of $100,000. As long as don’t trade at all for 31 days at end of year, do I have anything to worry about?

Remember a single member LLC trader still needs to make a MTM election, otherwise they'll get slapped with wash sale loss limitations.

do you do taxes for folks in New Jersey/trader with a loss for 2023

what if you started as a long term trader but switch to day trading in june.... if you traded 100% of the days (plus some in the first 5months) and did 20 trades per day? do i need to file something now?... next year its LLC and or S corp im guessing

Would I be able to get business credit under my LLC with it being a trading business

Okay. I want you as my CPA

Hey, what NAICS do you suggest for a non-professional trader to use when setting up the LLCto trade with?

For anyone who is experienced please help. Would it be wise to go though the rigger and become a profitable trader first then create a day trading account with the LLC or do the LLC first then learn to become a profitable trader?

wondering about prop firms, is the profits capital gains or is it subject to income tax. My accountant can’t even give me an answer to this ffs

Great Information. Thank you

What bout prop firm?

"you can elect to be taxed as an S Corp" , I need a little more definition on that.

You will miss a lot of good opportunities to make money if you don’t have money.

Brian, do wash sales apply to Futures contracts? (specifically ES and NQ futures)

Brian you look like this kid I knew who grew up in Chicago, who had an uncle named Donald.

Such great information. Thanks.

You stated that we should open our trading accounts using our EIN. What if you are trading through funded prop firms accounts?

Could you do a video for Prop Firms and setting up your business for Prop Firms and in Prop Firms how to do it? Or just “Tips” on it. Unless you have a video on it already but I couldn’t find one.

all bot comments

Super stuff! I was wondering about traders' exemption from wash sales. Can they be used as ordinary losses in the same year to offset ordinary gains or do they have to be carried forward as an NOL for future years offset (at 80%)?

Hey Brian, Do you and office in Maryland. I wanted you to prepare my taxes. Do you have an email

Hey Brian, I live in Maryland. So, do you have an office in MD so that you can prepare my taxes. Do you have an email address ??

Is there a service thats reasonable priced for more detailed one on one help?

Is it more beneficial to incorporate your legal name, or custom business name?

4:45? Gets ride of the wash sales? Please elaborate

Does wash sales rules the same if you have trader status under a LLC or is any loss a loss, that always confuses me, thanks for any help..

Does this info work for trading under a prop firm as well?

Thank you, this was extremely helpful.

Great information, thank you! ✌️❤️

Just subscribed brother

What video camera are you using? Color is great!

I feel like it is I was brought to this video divinely. I struggled for so long with stock trading. And now, I am hoping that maybe actually taking it more seriously and starting an LLC will help me along. Brian Rivera, I would love to connect, if you are okay with that!

Hoping you can answer this question, what if you meet all the criteria for active day trader, but currently incurring losses, will that disqualify you for TTS? Thank you.

Nevada don’t got low fees to set up. $425 set up fee

Hello, is it better to set up an S corp or an LLC? I heard that LLC’s are subject to a self employment tax on top of the gains tax. What is your opinion?

Powerful. Looking forward to doing business with you soon!

Hey Brian, I came across this video when looking for a similar situation. My question is. My company (LLC SCorp Elected) is a software engineering company, I am profitable moreover since I also Day trade and still not very profitable, I thought about start trading with my company account having in mind write off my loses. Is this possible ?

Could you do a video for futures trading through prop firms such as topstep?

Nevada low fees? Bruh somebody lied to you

Hi I have a question. If we are prop firm trader, we can open LLC ? we are in New York. We would like to study about the tax and LLC while we are building our consistency prop firm trading. thank you

all of these comments are bots

What’s the benefit of becoming dAy trader tax status ?

I havnt paid taxes in two years under my LLC

Would income that is not earned income be eligible for the Roth IRA? Grants/income from Social Security? Is there a minium requirement for Limited Margin?

Tax code 162a is a top 10 all time law ever

What if it is a mix holding LLC out of state from California and you file a S corp, and pay yourself a salary out of state?

Thank you

Have you made a video on prop firm trader taxes?

If someone has $100K losses from individual brokerage account, can that person establish a LLC with that same person as a owner of that LLC, that $100K loss carry forward to that newly established LLC being the same individual as a owner?

What kind of Monitor setup is that?