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Posted By: Charlie O'Neal

This is how I am looking at the tax question getting out of some of the taxes. I am working on setting up a LLC or S corp for my stock market plays in order to cut down on the capital gains tax from profits. Also I will add my cards into the business as a investment (no hobby or business). When I do decide to liquidate the cards then my taxes will not be as high as if I sold them without being under the corp. title. If for some reason the cards drop dramitically before I get rid of them then (hopefully with stock market gains throughout the year) I can just take the investment loss with the cards and write them off my taxes. I still have to make sure the lawyer says that the plan is alright with him before doing it this way. From my early caculations it will save me about 15% in taxes