▲ 0 r/tax
Do I use personal account to bid on Kalshi or Open an S-Corp
Hi. I've been wanting to make some trades and I know if I trade from my personal account the taxes will be much higher, at least I think so, but im not sure. If I made money would I be paying capital gains on an s- corp but not from my personal? I heard you can't have both on Kalshi.
I don't understand a lot about taxes and what makes sense. Does anyone know something and can help me understand. Also with S-Corp I have to pay myself a salary right? But can I spend money from the account for expenses or if I do and decide to close the s-corp can I put the investments from the s-corp in my name? Any help would be immensely useful
u/Flaky_Grade_7230 — 12 days ago