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> No, not Sub S; C corporation is the only way to go"formalizes" the
> business entity (as opposed to a pass-thru which has all the IRS
> code limitations of trading as an individual) so that "trader
> status" is no longer an issue.
However with a C corp you are in danger of double taxation. C corps
must pay taxes on their income, then they can pass on income to you,
and you pay taxes on it again. S corps pay no taxes and just pass
the income through to your personal return.
Gary
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