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Joined 11 months ago
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Cake day: November 9th, 2023

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    1. Yes - you would need to take it a step further and file as an S-Corp. It can classify your earnings on capital as gains which would be a non-wage distribution. You may have to pay yourself a “reasonable” wage before taking non-wage distributions.

    2. Generally yes, in fact I think anybody self-employed can to SEP but there exceptions or limits/rules depending on your exact situation

    3. Generally yes it available to LLC but again there exceptions and you have to qualify

    4. Yes, “ordinary and necessary” as the saying goes.