At the advise of my CPA I established a C-Corp back in early Jan. I have all my stocks owned by the C-Corp. The advantage of this is I can deduct all by biz expenses and only pay 15% on my gains, short or long. I forget the magic number that would shoot me up to the highest tax bracket 28% or 39%??? I'm not concerned about this issue since my C-Corp owns all my stock.
One does need to be creative with our wonderful lib gov lol, I hate taxes and the IRS but you have to pay your taxes, just be smart about it.
Anyone else have a simlair set-up with their stocks with advise from their CPA or Planner?? Under no circumstances should anyone take my advise, I'm only sharing this as to how I'm skinning the KAT with minimal damage from taxes.
One and done so I can't converse til tomorow-Peace
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