Hi,
I have a full time day job and also am a very active day trader. I trade EFT options daily. I started doing this middle of February and I make a minimum of 4 trades per day. I want to be able to deduct expenses and saw a couple of your videos talking about LLCs and S Corp and am wondering if just doing my regular tax returns and tag myself as a TTS or if making my trading activities as a business and create an LLC. Please advise. I also have a real estate license, but I have not been selling homes or made money from it for several years. I do still deduct some membership expenses and mileage deductions. Please advise what’s the best approach for me to maximize.