I am looking to form a 2 person LLC in which we are day trading. As a US LLC, taxes on profits are passed directly to the partners at their individual tax rate. Since I will be day trading, how will I be treating my profits from my LLC?
1. Will I have to pay short-term capital gains
or
2. Do I just pay my individual tax rate.
I will be talking with a tax specialist in the future, but I wanted to find the answer to this question first. Thanks.
David
1. Will I have to pay short-term capital gains
or
2. Do I just pay my individual tax rate.
I will be talking with a tax specialist in the future, but I wanted to find the answer to this question first. Thanks.
David
