So a property tax is set based on your purchased price, not on the current value of the house? For a life? I've never bought a house, and...
It might not take the US as long as it took Japan though. US always seems to prefer drastic and fast way to cure problems. In Japan,...
Thanks for all the info. I had problems getting in a trade, not getting out the trade, both times... Sounds like it's not the connection,...
In the past couple of days, I experienced that the my order did not get filled right away (I use cybertrader.). This might be a common thing...
TheDudeoLife: I am totally thinking the same thing. I live in San Francisco, and a tiny and ok-looking condo in my neighborhood is easily over...
Oh, yeah, business is business. You got to make money. I was talking about him judging himself as a trader....
Harsh reality. I would think it would take more than 6 months for most of the people to be some what consistently profitable... 6 months...
Lucky you ! I might have to go to Mr. Green...
Thanks for sharing your experience with Green. Looks like the most challenge to me would be to prepare Form 4797 (mark-to-market method). Are...
A couple of people referred to me Robert Green, but none of them said that they use his service....Is it because he's expensive? I mean I...
Oh, I see. Another expense for entities.... I wish I could just file schedule C, and the IRS thinks that I'm legitimate...
Thanks for guiding me to the page. As I was reading everyone's response and the article, the importance of understanding the IRS's...
I've never hear of FICA tax. In CA, LLC has to pay a minimum of $800 franchise tax, but I thought you have an option of choosing a corporate...
Thanks for the comment. Yes, I will look around and check with accountants. My accountant who prepared my returns last year asked me to find...
It's so nice to brainstorm with people with experience. C-corp idea was presented to me by an accountant specializing for traders. I am...
I see. Sounds like many traders WON'T consider setting up an entity. That's good to know, because I thought you would almost have to do so in...
Thanks. Yeah, I did review the IRS site and know that it's very difficult to get the status for traders with a full-time job... That's why I am...
What type of entity does a trader chose? I have been day-trading actively and have a full-time job. I was told that a C-corp might be a choice...
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