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Default How to tax optimize the most with trading, using LLC?

Can anyone recommend any tax law books regarding LLC, tax optimizing (to pay less taxes of course) with regards to trading, capital gains etc?

The best video to get started for me was from ziptrader channel:

However, it's just a start, curious if there are any official book publication that spell out the tax codes in a bit more detail.
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Default Re: How to tax optimize the most with trading, using LLC?

Just an idea...

Never sell the stock, and you never have to pay capital gains

Borrow money against the stock, pay interest on borrowed money, write off the interest payments on your income tax
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Default Re: How to tax optimize the most with trading, using LLC?

That's an idea, but if you do have significant capital gains, and you feel it's going down, borrowing against the stock doesn't seem like such a good idea in that scenario
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Default Re: How to tax optimize the most with trading, using LLC?

corporate entities generally have to pay for their data feeds, strongly advise against this unless you are a professional / full time trader yourself
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Default Re: How to tax optimize the most with trading, using LLC?

What do you mean by data feeds?
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Default Re: How to tax optimize the most with trading, using LLC?

The price / vol / tick data your broker provides you is not free. Brokers pay to stream this data from exchanges and provide it to retail / non- professionals for free, meanwhile charging professionals / corporate entities for it. As soon as you incorporate, you are required to declare your status as a “professional” and thereby must pay for it from there on out. It doesn’t matter if you’ve never traded before in your life and are a total novice / have no formal registration with the SEC / etc, as soon as you begin trading for some entity you are considered a professional and must pay. Otherwise They will only grant you access to their delayed data feed which typically runs on 20min delay

Data feeds can run expensive as well depending on which you subscribe to (120+/month), so I’d strongly advise against it

This is assuming you trade on an intraday basis, if you’re simply BnH latency may not an issue
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