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.
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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.
Thanks for the reply. Do you suggest I find a local CPA/Accountant or use Turbotax Full Service?
Either of those options will work for you.
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