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The name does not need to be extravagant, do you hire Tax adviser or do you do tax by yourself? Only trade with money that if lost — however there really isn’t any tax procedures written into the current tax code. Keeping just a small amount of cash in your trading account can be a good way to prevent a blowup. I register LLC on line and interactive give me so hard time to approve after I provide all document. How does the Futures market give the good tax break?
This will allow you to take advantage of many benefits that the typical investor does not have access to. Hobby’s cost money, businesses make money. The purpose of a trading business is to capture profits just like an ordinary business.