I take a stroll through the city of St. Petersburg, exploring some of the neighboring islands of this amazing city and the islands of Vasilyevsky Island. Along the way I encountered several amazing artists and also found a nice beach in St. Petersburg. The beaches here are quite nice with many amazing lookout points. Also, the bridges that traverse these islands are quite amazing and offer some great places to take photos and look over the water. ... https://www.youtube.com/watch?v=FNPiS-gvlcg

If your trading has reached the volume where claiming day trader status will withstand IRS scrutiny, you may want to consider shifting to a different structure than a sole proprietorship. According to the Forbes website, options include a C-Corp, a limited liability company (LLC) or an S-corp. You might also be able to form a partnership. While it's possible to incorporate your day trading business, it's not necessarily the best choice for every trader, so it's important to study the options and their pros and cons. A sole proprietorship is cheaper and easier to form than any other business type, but the tax paperwork for day trading is often more straightforward with other structures. Another factor is the 475 election. A sole proprietor has to file paperwork no later than the regular due date for last year's tax return, not counting any extensions. If you decide to elect 475 later in the year, you can still do it by setting up a partnership or S-Corp for trading stocks. As a new trading business, you then have 75 days to make the 475 election. Partnerships, S corporations and sole proprietorships are all pass-through entities where the company profit is taxed as your personal income. Under current tax law, you can claim 20 percent of your business income as a write-off from your income on your 1040. The rules for traders are complicated, and you may need to go 475 to take advantage of the deduction. Weighing Your Options When considering partnership vs. LLC or S-corp vs. LLC for trading, it's best to take your time and consider all the options. Changing your structure once you're committed isn't easy. You should also be confident you can qualify as a trading business before you make an effort to establish a formal structure. Partnership. Legally, a one-person trading partnership isn't a thing. If you're married, though, you can form a spousal partnership even if you're the only one trading. This could be a general partnership or an LLC that files taxes as a partnership. A trading partnership's tax returns are simpler than a sole proprietorship and will probably attract less IRS scrutiny. S corporation. Unlike with a partnership, a single day trader can form an S corporation. First, you incorporate your day trading business, and then you elect to make it an S corporation instead of a C-corp for day trading. The big advantage of forming an S-corp for day trading is that you can deduct retirement plan contributions and your health insurance. C corporation. A one-person C corporation is an option but not a great one for day traders, Forbes says. The IRS can potentially charge higher taxes than you'd face as an S corporation. LLC. Other than liability protection, a limited liability company doesn't offer much in the way of benefits for day trad ... https://www.youtube.com/watch?v=LP8GCy8pIVo