Benjamin SMC
Region: CA
Tuesday 01 September 2026 23:46:57 GMT
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MaskedMeta :
Now make a video what we should do
2026-09-02 01:30:58
35
K :
Jokes on you I’m not profitable yet
2026-09-03 12:15:03
23
fxburxruiz :
Having a corporation is definitely very very very beneficial, but saying that your prop firm challenges are automatically non-deductible just because you don’t have a corporation is extremely misleading. Even as an individual/sole proprietor, prop firm challenge fees paid from a personal bank account can potentially be deductible if they are legitimate business expenses related to earning your trading income. A corporation is not a requirement for a business expense to be deductible.
2026-09-02 04:29:48
10
Dawit :
🤣🤣🤣 use code " ben"
2026-09-01 23:55:05
10
🦉🪶 :
Make a long video about Taxes pls🙏🏽🙏🏽
2026-09-02 02:22:34
6
NoMi :
You can write this as a sole proprietor and having corporations is a little more complicated. If you spend the money personally there no way to avoid personal tax.
2026-09-02 11:57:04
6
MuseMotiveMantra :
Actually I incorporated a business and I was able to write off business related income from being a sole proprietor I think at most 1 year prior to the corp. It still counts as a deduction long as you incorporate soon after
2026-09-02 07:37:23
0
Sara Perry :
What if I have a unrelated corporation already?
2026-09-04 21:00:25
0
Paul :
Fyi, you can write of prop firms subscription as a sole proprietorship without incorporating
2026-09-04 08:31:35
0
elMagnet0 :
im not even profitable yet, step by step bro 😭
2026-09-04 03:16:52
0
Regy :
can you refer a company that can help in that regard?
2026-09-03 03:53:50
0
Tibo :
Thank you
2026-09-02 20:48:43
0
Nancy :
As long as it’s being used for your business yeah. I just feel like there’s not much you can purchase for it to make much of a difference so imo it’s best to just stick to the 46% tax rate that’s if that’s the bracket you’re in.
2026-09-02 18:22:17
0
Sameer Khalid :
Bro help😂
2026-09-02 06:39:26
0
E.g :
What broker to use in Canada please
2026-09-02 05:10:45
0
Gunit.37 :
What about live account
2026-09-02 05:06:57
0
MaRcEsCeNt1990 :
Thanks for the tips! Though I guess you have to make at least 1 payout or even be profitable in order to incorporate? I couldn't imagine my evals being deductible if don't have any money coming in.
2026-09-02 00:20:57
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