What can I do to reduce LLC tax bill?
What can I do to reduce LLC tax bill? I have an LLC setup where we trade equities (all short-term) and we are paying almost 25% in taxes. What can we do or should be doing to reduce our tax burden on gains? Should we be re-investing the gains? You should see a tax accountant. Short term gains are and should be taxed at a higher rate. Reinvesting your gains wont change your tax burden. Unless you lose money on the reinvestment, then you can offset some of the gains. Probably not the strategy you were looking for.