Recent content by jaykull

They will send you a 1099 in January and you will be required to put the gains on your 1040 and pay your normal tax rate on them, if you hold the stock for more then a year the rate would be 15%. If you set it up as a copmpany the investments will be held in the companies name and ein(I can get...

You may want to consider setting up a partnership (or LLC) that way you can give out K-1's and everyone will get their fair share of the gains or losses to report on their tax returns. I am a CPA and I will prepare the tax returns free of charge. I am sure you guys can find a BOTL on here that...

What happened to his ebay store?