I need help on how to file Tax as a Prop Firm Trader

[Moses Ab]

Hello everybody, I made over 10k profits in the last 3 months of 2023 as a Forex Prop Firm Trader. I setup an LLC to trade under. I have made some transfer from my business account to my personal account. I plan on using Quickbooks payroll this year to handle paying myself...Basically I need help on how to go about filing and Paying Tax as a Forex Prop Firm Trader trading under a LLC taxed as an S-Corp.

[Mike9241]

I would suggest consulting a tax pro. You already have a tax problem if you were an S-Corp for 2023 and failed to take a salary. 

[Moses Ab]

Thanks for the reply. Do you suggest I find a local CPA/Accountant or use Turbotax Full Service?

[RobertB4444]

Either of those options will work for you.  

@Moses Ab