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Search: Posts Made By: sysot1t
Forum: Traders Hideout April 7th, 2011, 12:15 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
why is that people always need to be convinced of...

why is that people always need to be convinced of things? are you not capable of conducting your own research and arriving to your own conclusion from the materials provided? you do realize that...
Forum: Traders Hideout April 2nd, 2011, 06:59 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
we are changing subjects, but a properly...

we are changing subjects, but a properly structure SMLLC will in fact protect you as long as your corporate veil cant be pierced.. since you do RE, it is no different than the reason why one should...
Forum: Traders Hideout April 2nd, 2011, 06:39 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
btw, itemizing does not mean you can write...

btw, itemizing does not mean you can write everything off the same year... :) I believe your deductions must not be a lot, but at the same time.. I guess it all depends as to what you call...
Forum: Traders Hideout April 2nd, 2011, 06:24 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
On the presentation, just take a look at slide 7,...

On the presentation, just take a look at slide 7, and 41-44... those are the main benefits, the rest are all manuvering to minimize the tax liability...

I only disagree with one thing that most...
Forum: Traders Hideout March 31st, 2011, 01:50 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
Green Trader Tax Presentation

here is a good overview from greentrader tax on starting your own trading business.
Forum: Traders Hideout March 31st, 2011, 12:51 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
for those interested, greentrader tax is having a...

for those interested, greentrader tax is having a webinar sponsored by lightspeed today...

https://www1.gotomeeting.com/register/523648568

Before filing your 2010 tax returns, traders and...
Forum: Traders Hideout March 29th, 2011, 10:21 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
here are some links that you might find of...

here are some links that you might find of interest..

Why Form Your Own Entity (http://www.traderstatus.com/whyanentity.htm)

GREEN TRADER TAX (http://www.greencompany.com/index.shtml)...
Forum: Traders Hideout March 28th, 2011, 11:32 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
once you make it a proper business, you will pay...

once you make it a proper business, you will pay a bit "more" for some things (market data being one)... but it is well worth it when you can write off expenses and fund your own retirement, etc.....
Forum: Traders Hideout March 28th, 2011, 11:26 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
I personally use TAPRO (aka TradeAccountant Pro) ...

I personally use TAPRO (aka TradeAccountant Pro)

Schedule D Portfolio Management Software - TradeAccountant: Reconciliation Tools, Trade Journal, Expire Options, Wash Sales, 4797, 6781, Export to...
Forum: Traders Hideout March 25th, 2011, 11:45 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
Vanguard is awful IMO, you are better off with...

Vanguard is awful IMO, you are better off with Fidelity/Schwab/TDA... you get the big name and the ability to trade equities, etf's, options on both, mutual funds, and if your account large enough...
Forum: Traders Hideout March 25th, 2011, 11:11 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
yw... and you are ahead of the game let's put it...

yw... and you are ahead of the game let's put it that way... I only realized the whole Roth thing about 6 months ago.. I always avoided anything after tax since I dont get the write off, but then I...
Forum: Traders Hideout March 25th, 2011, 11:04 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
hence why is better to long ITM/ATM calls if you...

hence why is better to long ITM/ATM calls if you think that GOOG is heading north .. :) allows you to "leverage" more... and your risk is limited to your premium... which enables you to make multiple...
Forum: Traders Hideout March 25th, 2011, 11:02 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
we are talking about the same thing, just two...

we are talking about the same thing, just two different points... I am focusing on how to contribute and the challenges, you are focusing on what to do after one contributes. :)

in your case, you...
Forum: Traders Hideout March 25th, 2011, 10:51 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
nope, the IRA trades (almost) just like a regular...

nope, the IRA trades (almost) just like a regular account ... PDT rules apply to IRA's, and the only thing you cant do with the IRA is short or have a negative margin balance... everything else you...
Forum: Traders Hideout March 25th, 2011, 10:04 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
I agree with both of you, aslan and MWinfrey, if...

I agree with both of you, aslan and MWinfrey, if one is not already successful, then one should not trade on an IRA at all regardless of what kind.. there is no easy way to fund it once more if you...
Forum: Traders Hideout March 25th, 2011, 10:00 AM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
my point is... Roth's are great.. nothing...

my point is...

Roth's are great.. nothing like tax free revenues and income... as long as you can actually grow that account it just means you wont have to worry about the tax man at all when...
Forum: Traders Hideout March 24th, 2011, 01:40 PM
Replies: 276
Sticky: The Tax Thread
Views: 199,211
Posted By sysot1t
biggest issue with trading with a Roth is that,...

biggest issue with trading with a Roth is that, in my case at least, I have to use a backdoor to gain access to it. Basically the limits in terms of funding are too restrictive and I dont want to...
Showing results 1 to 17 of 17

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