ErnietheMillionaireMaker
Region: US
Sunday 04 January 2026 19:27:01 GMT
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georgekat :
Thank you for all your videos! I hired and paid a tax strategist and he told me I could not expense anything even after forming a trading LLC unless I qualified as Trader Tax Status and MTM. Would appreciate your help with 2 questions 1) is your Trading LLC brokerage account in a separate LLC for asset protection and you have a second S-Corp LLc that operates that’s trading LLC and claims expenses? Or do you have only one S-Corp LLC that does everything for your trading business? 2) I might need a second opinion since my tax advisor has not been able to
2026-01-20 06:27:19
3
alaskacitygirl :
Is 35% of your total gross monthly profit a reasonable salary to pay yourself? Or is there a defined percentage that needs to be met to avoid getting audited?
2026-01-07 05:55:33
4
Erika NC Realtor :
Thank you for breaking this down!! It can all feel so overwhelming!
2026-01-10 13:30:48
3
Annie | Financially Focused :
I need a cpa who will guide me through structuring all of this.
2026-01-06 12:15:30
3
Write Me It Off :
didnt know anything about an llc til now thanks
2026-03-31 22:15:07
1
SionDibyeshPranu :
Thank you for the information but I have a question
2026-01-04 20:21:25
4
Sushma Damarapati :
Thank you for this video! So helpful. Would you recommend a good cpa as well? I want to start on this path as well.
2026-01-11 21:31:27
3
swafdog :
Most trading accounts don’t let you set them up in a company name, you have to set up in individual name. Is your trading. Account set up as individual or LLC =name ?
2026-01-08 01:32:51
3
PhyziFi :
I'm catching up on your vids since coming back from vacation. Man you're an inspiration. This video is my goal to one day do the same with my taxes once I'm successful with options. Appreciate all you do
2026-01-13 20:55:43
5
Tina Moss Books :
Which business code did you use (NAICS)? And do you have an LLC in your state or another state?
2026-01-09 02:30:16
3
chris/topher :
At what point is advantageous? When you have a $100k stock account, $500k? $1 million?
2026-01-12 16:32:46
3
The Man With No Name :
We hit a new bracket the last 2yrs and have gotten killed come tax season. This is the 2nd yr in a row where I owe 40k or more and in 40yrs I have never once owed money. Pretty frustrated
2026-01-05 18:27:13
5
Guidetobetterdrink :
Do you know tax strategies?
2026-01-05 01:41:34
3
WSN :
So thankful for your videos Ernie, thank you! Can you tell us what software you are showing us here?
2026-01-05 16:58:01
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mDiary1993 :
Yay the video I’ve been waiting for
2026-01-04 20:57:13
3
gambi420 :
Absolutely LOVE this content
2026-01-06 03:50:12
3
Drifting_Offline :
At what point is it beneficial to have an LLC? How much would I need to be making before I consider this?
2026-01-07 14:16:06
3
youngali1995 :
Been waiting for this one ! Thank your sir! Changed my life
2026-01-05 17:35:26
5
user4101364138076 :
hi Ernie, I was wondering what prompt did you use to get that comparison information. I would like to use it for my situation that adds tax numbers if I trade without LLC I. e directly through my individual brokerage account.
2026-01-07 00:22:58
3
Robert Tamez :
What is groc? Is that what you don’t handle payroll and expenses?
2026-01-05 00:48:13
2
Courtney Tindell :
If I file for 2553 on my LLC, can I file business taxes separately?
2026-02-18 20:58:37
1
jzr281 :
Much appreciated!! Would love to hear about the more in-depth information at a later time. Thank you!
2026-01-05 02:44:52
4
Robert Tamez :
Great video. Lot of good information
2026-01-05 00:48:24
3
Starr :
Hey Ernie! Is this only for school age kids or does this strategy work for college age/early 20s age kids? Tysm
2026-01-08 01:07:02
3
alanandonian :
Maybe your kids are eligible for their own self employed 401k. In addition to ira. As long as wages are fair and reasonable.
2026-01-05 13:41:49
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