Investor Help (NO Ihub questions)

[oldaccount1]

If one wanted to become a "day-trader" what is the best way to set-up one's business for tax purposes. Do most file on 'Schedule C' of personal tax return, Schedule D, or do they create their own entity (i.e. LLC) and take distributions on 'Schedule E'. Schedule D would not allow you to write off expenses as the other two would. I have tried to find a link that would answer all my questions, but I couldn't seem to come across a decent site. Speaking with an accountant would probably be best, but I am not at the point to where I want to let go of my full time job. This may not be an appropriate question for your board, and if so I do apologize. If there is another board that does touch on this topic, please point me in that direction. Thank you.