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@rabbit892004

Жыл бұрын

I would love for you to help me set this up fam

@michaelleon5629

Жыл бұрын

Let's do this when can we meet

@obiomkpanam9472

8 ай бұрын

Can you help me set this up

@VijayKumar-td3hx

2 ай бұрын

Are there any limits on numbers of trades per year to treat one as a trading business account?

@user-lz2xf6mm4w

Ай бұрын

Just signed up for the workshop. Thanks much this is right up my ally.

My man! I’m 23 and I decided to pursue to be a day trader and I’ve been trying to find a clear video about this. It definitely helped a lot! Thank you so much 🙏🏽

@adrianapollyon5087

Жыл бұрын

Are you part of the 95% or the 5%?

@stponyt

Жыл бұрын

im 20 n this vid is amazing

@JamesSmith-ct8kw

Жыл бұрын

straight up!

@badazzl5oc625

Жыл бұрын

I’m 31 and in the same boat good luck to us all! We got this!

@theslowsimracer6168

Жыл бұрын

Damn I’m 23 too. now I make all this money and I’m just trying to figure out how to maximize it lol.

This is the best most detailed explanation I’ve seen. And I’ve watched many. Mahalo nui!!! Subscribed

I think this may be the most important video for traders to watch. I watched it twice just to get the concepts. It certainly changed my view about becoming a day trader and most importantly it showed me about the potential liability of losing all your hard earned money. Thanks Toby you’re brilliant!

@Monstars_OBG

2 ай бұрын

Do you trade by yourself or within a community?

Your videos are so informative. I can't believe you give all this info for free.

So much knowledge! Thank you Sir for sharing all these info, you have gained another subscriber! 👍👍

Thank you so much for this video! So much info! Please do more of these!

Precisely what I needed and couldn’t find elsewhere after years of searching! You just got a new customer!

@TobyMathis

2 жыл бұрын

Please let us know if you need anything!

Thank you so much for all information. Please continue to publish videos. Thank you.

Thanks so much! Any info about the do's and don't of a Trading Corporation are much appreciated!

Fantastic content here Toby! I've been subscribed and really enjoy the way you break these topics down. Thanks for taking the time to share your knowledge.

@murphydogprod

Жыл бұрын

Spoke with a person at Anderson today with a followup next week to talk about this sort of thing. Good stuff.

Needed this, thank you!

Excellent and very useful guidance. Thank you very much!

Thank you!! I’m so glad I found your channel! Very good information!

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

Toby this was solid!!! Wow, very well explained. I loved the description of the structure versus the Trader status.

Just the video I needed. Excellent content and clarity

@TobyMathis

2 жыл бұрын

Great to hear, thank you for watching the video!

Thank you so much for the most simple breakdown on this topic !

@TobyMathis

Жыл бұрын

Thank you for watching our content!

Very informative and really helped me to plan. I really appreciate you for the video. Would you please do another video on how to transfer your personal brokerage account(s) to the trading partnership and the tax consequences?

@rainbowshulacorns3666

Жыл бұрын

Please

Brilliant Advice, Thanks Toby.

I just had to subscribe, such good info was spelled here!

Absolutely the BEST I have ever heard! Thanks, Toby for taking the time to explain this in detail! 😃

@TobyMathis

2 жыл бұрын

We are glad that you found the video helpful!

This was great! I’ve been starting my trading journey and decided to look into creating an LLC for it. I’m glad I started here, thank you for the information. Now on to beginning the process of setting up an LLC and trade through there!

@user-rl5yy6qi8h

28 күн бұрын

hey, I am confused. Can an investor (someone who doesnt day trade regularly) can setup Trading Business, brokerage account, structure it as LLC (C-Corp), and will be able to deducted business expense? Does the LLC need to qualify for TTS?

Thank you for your educational contributions! You are a modern hero teacher!

@TobyMathis

Жыл бұрын

Wow, thank you! We appreciate viewers like you taking the time to watch our content!

Great video. thank you for the solid information.

Ready to get this journey started.

Thank you for making this video this was one of the most informing and easy for me to understand. I greatly appreciate it.

@TobyMathis

2 жыл бұрын

Glad it was helpful, thank you for watching!

Brother thank you so much. Very helpful Happy Holidays and God Bless

@TobyMathis

Жыл бұрын

Happy holidays to you too Kenneth! Thank you for watching our content.

This was great info Toby. Thank you so much! The way you explain and the examples you gave..made it easy to comprehend and proves your knowledge and experience in the field. Thanks for taking the time to share the info 👍

@TobyMathis

4 ай бұрын

Glad it was helpful!

People from Wyoming been blessed to have you as a lead. I’m in San Diego, Ca I am giving this a try in the near future. I pray to God Almighty to bless your way, home and family as you have blessed me.

@DisciplinedTrader27

3 ай бұрын

You are gettinh fked with taxes 😂😂

I never knew the benefits of having a WY LLC until watching your video. You provide great and thorough information.Thank you!

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

It's not just what you make.. Its how much you keep!!!

Awesome video my brother thank you. Truly appreciate it🍀💚🏁

Awesome! My friends at Anderson Advisors are helping me do this. Thank you.

@TobyMathis

Жыл бұрын

Excellent! Thank you for watching our content.

Very practical high value solve important problem, many thanks!!!!

@TobyMathis

10 ай бұрын

Glad to hear that!

Awesome information! Thank you for taking time out to share!

@TobyMathis

2 ай бұрын

Glad it was helpful!

Am new into trading, would likely want to watch this again.

Thank you for your time in making this.

@TobyMathis

9 ай бұрын

My pleasure! Thank you for watching.

I have learned a lot i will watch it again

Thank you very much for brilliant insights on how to structure etc.

@TobyMathis

5 ай бұрын

I'm glad you found the insights helpful!

Toby is truly the GOAT, proud to be an Anderson Client

So far investor sounds better than trader due to the points you made my man, thank you.

Great video and easy to understand.

Hi Toby, Thank you for sharing your knowledge.....It's invaluable! I have one question regarding the Management Company set-up in a Trading Business. Once I set up the C-Corp would I be allowed to manage all the activities (not receive a salary just claim expenses) or do I need to hire a license firm like Fidelity or T Rowe Price?

Excellent information. Thanks for sharing!

@TobyMathis

Жыл бұрын

Our pleasure! Thank you for watching!

I clapped for you. Excellent work.

I’ve been a FT day trader for 3 years out of the six I’ve been going at it. I think it’s worth mentioning that TTS makes trading loses (timely election of Section 475) MTM which gives wash sales different treatment. If you have a high win percentage this is obviously less of a factor, but could be valuable for certain types of traders dependent on you underlying strategy employed. Also QBI 20% deduction and several others…Either way, you you want to go at this profession treating it like a full time job and not be torn between trading and another gig. Laser focus is required. Mistakes cost a lot when your not dialed in super tight when intraday positions are on. Good luck!

Awsome explanation, This is very useful to me. Thank you so much once again

@TobyMathis

Ай бұрын

Glad it was helpful!

thank you so much for sharing this information. It's very helpful!

@TobyMathis

3 ай бұрын

Glad it was helpful!

Wonderful video! Thank you so much for putting this out there.

@TobyMathis

Ай бұрын

Glad you enjoyed it

Very informative! Thank you so much! I've been focusing on what it takes for TTS, and this video provides a viable alternative!

@TobyMathis

9 ай бұрын

Glad it was helpful! Thanks for watching!

Amazing information thanks! I’m a travel RN with real estate investing on the side. Would love any videos on those topics

Yes extremely useful, many thanks!

@TobyMathis

5 ай бұрын

Glad it was helpful!

top tier content - thank you!

Great video; very informative. Two questions; Do the entities need to make a filings with SEC, and is a securities license required of the trader now that trading will be done under an entity?

Thank you so much for this information.

@TobyMathis

Жыл бұрын

You are so welcome! Thank you for watching the video!

Thanks so much. Great video.

@TobyMathis

Жыл бұрын

Thank you for watching!

Great info...I appreciate the nuggets

@TobyMathis

Жыл бұрын

Thank you, let us know if you have any questions!

You're a life savior. Thank you so much.

@TobyMathis

Ай бұрын

I'm glad I could help!

Toby, you’re my new best friend. Thank you for this video.

@TobyMathis

2 жыл бұрын

Any time, thank you for being a viewer!

Fantastic Meaningful Content, Thanks Toby And You Have A New Sub And Thumbs Up

@TobyMathis

2 жыл бұрын

Welcome aboard! Thank you for joining the community!

I like how he talks about creating something.. I built beautiful small homes.. I renovated and sometimes saved old homes.. Today its called flipping.. I was no flipper... I like this guy!!!

Thank you.

Thank you Tony, you got new subscribers, and I have share your KZread to my friends and family.

@TobyMathis

3 ай бұрын

Awesome, thank you!

Thanks Toby, great video as always. For the trading account in the Partnership, does it need to meet any specific trading requirements like the active trader does? (e.g. number or frequency of trades?) And after I make guaranteed payment to partner, how is any remaining profits in the trading account taxed? Short term Capital Gains on 1040 schedule D?

Thanks for doing this video

@TobyMathis

2 жыл бұрын

Our pleasure, thank you for watching!

Very informative and very well explained, thank you. Question: At 16:37, you allude to strategies for maximizing the underwriting value of rental income by having it appear as K-1 income, on the second page of Schedule E. Do you elaborate on the this setup and technique in any of your other videos or writings?

Fist time watching one of your videos. You have definitely locked in another regular viewer and thank you for the wisdom. Quick question: In your example the brokerage account it attached directly to the management LLC. Is it wise to set up a separate LLC for trading specifically that is housed under a separate asset management LLC. What Im wondering is if there are benefits to doing this or would it complicate or limit the deductions available? Mabey you already have another video about this.

This is great, thank you!

@TobyMathis

Жыл бұрын

Glad you liked it!

this is exactly what im looking for! thank you mr mathis !! i will def hit you up when im ready fo this adventure

@TobyMathis

Ай бұрын

Awesome to hear that you found what you were looking for

Good one Tobe!👍🏿

Thank you Very helpful

@TobyMathis

Жыл бұрын

Always welcome, thank you for watching!

Thanks for the video!

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

I started a business last year and it didn’t even get off the ground because I realized I was just trying to do something that I didn’t want to do. I’m very passionate about trading and have had a great deal of success I plan to make a structure like this probably at the beginning of next year. I will be contacting to find out more info thanks for the great ideas

Would love to see more videos around trading businesses.

@TobyMathis

Жыл бұрын

We will take your suggestion into consideration, thank you for watching the channel.

Such valuable content!!!

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

Thank you, Thank you, Thank you 😘

@TobyMathis

2 жыл бұрын

Thank you too!

Thanks!

Thnks, Toby. Great job explaining why we NEED the privacy/anonymity and protection against charging orders by using WY LLC's and WY corporations.

@TobyMathis

Жыл бұрын

Thank you for watching!

Greetings brother this information was great and very easy to understand. I am going to check out your website and channel. Thanks for great content , God bless you and your family.

@TobyMathis

Жыл бұрын

Greetings Floyd, here is a link to our website andersonadvisors.com/

Amazing video Toby. I'm curious about the following: (1) not a day trader but more often than not will hold stock for under a year (2) don't want to hold stock in an individual account since holding period is considered short term gains (3) would electing for to be taxed as a C-Corp instead of just LLC as a pass thru be better since C-Corp are lower than the short term gains bracket?

I found this video to be extremely helpful! Thank you for your insight. I did have several questions: (1) When requesting an EIN what would I put in the “type of business,” and what category would it fall into? (Like finance) (2) If I proceeded with “other” for the type, would I simply state “day trader,” or something like “portfolio management”? Thank you again! I look forward to watching more of your content.

@TobyMathis

Жыл бұрын

1- The ol' 'it depends' applies here, but fortunately, it is not super legally significant. It is just for statistics gathering for the IRS, and it will not affect your liability or taxes. You can choose whatever fits your business, including 2- "Other". If you choose that option, you can list what you want to as the purpose. Many will say something like "Asset Management" if they select the "other" option.

@KonockusSashington

Жыл бұрын

just curious could a forex trader with LLC get business credit? if so wouldn’t you want to be careful what you choose for the EIN since there’s some red flags of risk for lenders (i.e., banks)?

@andrewcarlson2178

Жыл бұрын

@@KonockusSashington as far as i understand it, you can leverage funds through the broker. I believe the rule in the U.S. is 50:1, meaning you can leverage $50 per dollar in your account, similar to stock options

I have been looking for content on how to set up what I need properly. Toby knocked this out of the park. I have had accountants that couldn't get passed the notion of someone making a living trading. Yep very small % of people make it. I have after many years of studying and struggling have been able to do this. My question is, can a individual trader back file earnings after opening a business structure for trading? I have no interest in filing as a "trader"

Thanks so much for this content

@TobyMathis

7 ай бұрын

Glad you enjoy it!

Thanks a million for all the info. You are a real pro . I will stay in touch ...

@TobyMathis

2 ай бұрын

I appreciate that!

Im just getting to this video now, I’m not a CPA but I am a student in accounting (undergrad not grad). So glad I structured my business this way. 😩 I’m opening a cafe in December with my trading proceeds from forex.

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?

@Rick-the-Swift

Жыл бұрын

How's the café made possible by forex going? Just curious

@chrisWTG

4 ай бұрын

help me out, i made a wyoming series LLC, can i structure it in a similar way?

Very informative video Toby! It helps a lot. I’m building a new trading business from scratch and this information was on my mind. The best way to structure it as a business. Based on your knowledge I’m sure I will be in touch. Thanks again!

@TobyMathis

2 жыл бұрын

If you have any questions, would like a free strategy session, or want a link to register to one of our free events just let us know!

@sedricj5345

2 жыл бұрын

I would appreciate a link to your free event and info on a free strategy session.

@wudnehygzaw7190

Жыл бұрын

​@@TobyMathis How can I register for a free event?

@necromancerdarthvader1484

Жыл бұрын

Yes please, I’m interested as well

@necromancerdarthvader1484

Жыл бұрын

Links in description btw.

At first I was skeptical how helpful this would be. Then he started talking about data flow being able to be deducted and that got my attention. THEN he started talking about writing covered calls, and I realized 'this guy really knows his stuff'

Futures day trader here. Subscribed.

Love your videos…

Great info

Just wanted to say thanks. You put out such informative and great content.

@TobyMathis

2 жыл бұрын

Thank you for being part of our amazing community!

Great content

Tried setting up an LLC in Ohio years ago. Didn't take long for the State to make be regret it. Closed it the first filing year.

🙏🙏🙏gracias maestro

WOW! GREAT INFO

@TobyMathis

Жыл бұрын

Thanks for watching!

Excellent! 👍 Excellent!! 👍👍 Excellent!!!👌👌👌 Great Presentation… My Wife and I will definitely be in communication with your office here in Las Vegas, Nevada

@TobyMathis

9 ай бұрын

Wonderful! We look forward to your call 👍

Beautiful

Great information!

@TobyMathis

2 ай бұрын

Thanks for watching!

so LLC is the best, got it...thanks...

Wow this is go to man. Nailed it. Thanks Toby!

@TobyMathis

2 жыл бұрын

Glad you liked it, thanks for watching!

@kellylisa3939

Жыл бұрын

Hello, I have a lot of related knowledge that I don't understand. Can I add your number to WHATSAP to contact you and learn about this wealth of knowledge?