Does anyone use a Nevada corporation to trade?I certainly hope not. It doesn't make any tax sense to do so. A corporation (regardless of state of incorporation) has several problems:-They don't have preferential tax rates for long-term capital gains.-They can't deduct capital losses, except against capital gains.-Without any business activity, they run afoul of personal holding company rules, the worst being a flat 39.6% tax rate.I'm sure others probably know of more drawbacks. The only benefit I can think of right now is some possible protection of the assets of the corporation from personal creditors. But even that is pretty weak protection and at a pretty high tax cost.--Peter
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