Day-Trader – Should I Form a Corporation?

This is my first year making a living almost exclusively

by day-trading stocks on my home computer.

My only operating expense is my monthly internet

connection. My apartment rental is extremely low.

I choose not to have health coverage.

In short, my operating expenses shall not exceed the

Standard Deduction on tax forms.

My question is if I should just file as an individual in

2020 or is there any benefit in forming a corporation

or anything else, for that matter?

Thank you for any input.

3 Answers

Relevance
  • 12 months ago

    to invest as intraday trader investor need understand the pros and cons of intraday trading and it makes you to file as corporation.

    Source(s): Kalkine Media
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  • NA
    Lv 7
    12 months ago

    A corporation status would cost you money to file another form. It also doesn't make you more respectable to the IRS.

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  • 12 months ago

    If it does more than the estimated income, you definitely qualify to file as a company/corporation.

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