Hi @Achar1992
If a trader meets all IRS trading benchmarks the tax laws require , the trader can choose to remain an independent qualified trader or incorporate as a business entity. While fiscal and filing options are similar for the two, trading as a business can offer additional, considerable tax advantages.
Here is an article from the IRS on trader status. https://www.irs.gov/taxtopics/tc429
You may consider speaking with an advisor to see what your options are.
The following qualifies you for QBI:
QBI is the net amount of qualified items of income, gain, deduction and loss from any qualified trade or business, including income from partnerships, S corporations, sole proprietorships, and certain trusts.
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