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Profits that come from Stocks remain in your trading account. You transfer them from your trading account into your business bank account. The actual profit/dif
by hajrice 8y ago
Profits that come from Stocks remain in your trading account. You transfer them from your trading account into your business bank account. The actual profit/difference is taxed. I don't understand what's so complicated?
- zrail 8y agoIt’s not particularly complicated but it’s far from optimal. If you’re not doing anything special your profits are taxed as ordinary income but you don’t get to deduct business expenses, nor do you get to count that income toward deductions like self employed healthcare or retirement account contributions.
- hajrice 8y agoNow you're just debating additional income. However, say your company lost -$10,000. If you profited $10,000 in stocks -- you technically made $0 in profit, which means you still don't need to pay taxes, even on the profit on stocks. ...and if your business is really killing it, and you're also killing it in the stock market, I am certain you won't have a problem paying a few dollars to the US Gov. It's still better than other investment avenues :-)
- claydavisss 8y agoYour "business" losses offset personal trading gains? This is fraud.