P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=3941.msg36322#msg36322">Quote"> from: fliphusker on June 25, 2016, 01:00:24 PM

Since I know we have more than a few experienced investors/traders on the forum, I thought I would put this question out there to see if anyone has any experience in this realm.

In 2014, I traded a significant number of SPY ETF options contracts. From my understanding, I can report the gains earned as 60% long-term gains, 40% short-term gains under IRS Section 1256.

However, my broker, Fidelity, doesn't classify the index options as such. How do I properly report the 1256 gains while still adhering to the short-term gains my broker is reporting in full?

I read this TurboTax thread for some insight - which was helpful, but still doesn't make clear what you do in this situation.

https://ttlc.intuit.com/questions/2314260-options-on-index-fund-etfs-qqq-spy-1256-contract-treatment" class="bbc_link" target="_blank">https://ttlc.intuit.com/questions/2314260-options-on-index-fund-etfs-qqq-spy-1256-contract-treatment

Any prior experience would be appreciated  https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" />

https://forum.lendacademy.com/index.php?topic=2730.msg1#msg1">Quote"> from: rawraw on October 31, 2014, 10:37:17 AM

This topic has been moved to http://www.lendacademy.com/forum/index.php?board=24.0" class="bbc_link" target="_blank">Peer to Peer Quant.

http://www.lendacademy.com/forum/index.php?topic=2730.0" class="bbc_link">http://www.lendacademy.com/forum/index.php?topic=2730.0

https://forum.lendacademy.com/index.php/topic,2551.msg23049.html?PHPSESSID=47142fcc15012de4c6701802ac837302#msg88888888Quote"> from: Cries on September 12, 2014, 02:26:14 PM

That's a great article. Thanks for sharing!

https://forum.lendacademy.com/index.php?topic=1674.msg18968#msg88888888Quote"> from: Rob L on April 09, 2014, 09:46:42 AM

Was Chris Larsen bought out when the Vermut team came on board?

This topic has been moved to http://www.lendacademy.com/forum/index.php?board=23.0" class="bbc_link" target="_blank">Bluevestment.

http://www.lendacademy.com/forum/index.php?topic=1942.0" class="bbc_link">http://www.lendacademy.com/forum/index.php?topic=1942.0

This topic has been moved to http://www.lendacademy.com/forum/index.php?board=23.0" class="bbc_link" target="_blank">Bluevestment.

http://www.lendacademy.com/forum/index.php?topic=2128.0" class="bbc_link">http://www.lendacademy.com/forum/index.php?topic=2128.0

https://forum.lendacademy.com/index.php?topic=2128.msg18226#msg88888888Quote"> from: Keltset on March 12, 2014, 10:29:36 AM

https://forum.lendacademy.com/index.php?topic=1674.msg18209#msg88888888Quote"> from: Boatguy on March 11, 2014, 09:24:22 PM

While I know there are a few other threads that discuss a related topic of using corporate entity for the purpose of deducting capital losses greater than $3,000, I'm curious what others think of this concept:

Since I invest in the stock market with a swing-trading strategy that produces short-term gains, I've been considering possible tax advantages of establishing an S-Corporation/LLC to channel my investing through, in consideration of more favorable tax rates (long-term).

My concept is as follows: Incorporate and open a brokerage account in the corporation's name. I would then act as a lender to the corporation for capital. I would have the loan setup to have annual/rolling payments due 1 year and 1 day from the date of investment (and report payments back on form 1099-OID). My corporation would be charged a significant interest rate that is commensurate with the returns my stock investing is generating - it would be a variable interest rate..

To make sure I'm being paid a proper salary through the S-Corp (per IRS requirements) I would pay myself the first $17,500 (401k contribution limit), and the company would provide a matching contribution of the remaining $33,500 - to the reach defined maximum contribution limit.

Would this work per IRS rules?

If not through the concept I've illustrated above, is there any other acceptable alternative (as deemed by the IRS) that would allow the same tax benefits?



Sent from my HTC6435LVW using Tapatalk

I was wondering if anyone is familiar with the concept of degradation related to leveraged ETFs?

I know that it can cause lowered performance relative to the 1X ETFs (non-leveraged), but wouldn't the concept also be applicable (in terms of compounding) if the underlying ETF moves up in general?

For example, the SPY had a return of 18.41% in the last year, and UPRO (3X leveraged) had a return of 65.98%.. The leveraged version had performance that was actually greater than 3X - does this support my conclusion?

If this my guess is true, and it does work in both directions, then there would technically be more to gain than to loose, because overall, the market wins more than it looses in the long-run.

Just thought I would give the heads up (to entice some of you) to purchase some of the 200+ notes that I just listed for sale on Folio for Lending Club.
The loans with decreasing FICOs are listed at a 2.5% discount, no change in FICO at 1% discount, and increasing FICO 0.5% discount.

Many of the loans have no missed payments.

EDIT: I should point out that the credit grades range from C-G