is there a tax advantage to trade futures in a LLC vs personal acct?

[ronnn777]

what is the taxes do on scalping futures? 40 or 60%?
if trade in llc, does this have a tax advantage over just trading in private/personal acct?

[Ryan Gibson]

Hi ronnn777,

What are the futures on? Commodities, Forex...

I do not have enough info to make a recommendation of which tax structure you should be trading.

We do offer a free service that clarify this for you. To register for this service and receive a questionnaire go to: http://www.tradersaccounting.com/index.php You will see the registration block on the right side of the page.

Regards,
Ryan Gibson

[ronnn777]

what is the tax on a day trade of a dow or spy future or a forex scalp, shrt term. 1-3 days.

also, is there a tax advantage to trading these in a LLC vs persoanlly/private?

[Ryan Gibson]

The futures would be taxed as 60% long term 40% short term regardless of the holding period. Please see the other post about cash forex and the tax treatment.

Regards,
Ryan Gibson