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Do I get any tax savings by doing all my investments through an S corporation vs personal account? |
Last year as I sold some mutual funds I had to pay a lot of taxes on capital gains and every year I find myself paying taxes on dividends for stocks I own. Can I simply open an S Corporation and invest my funds through that? I can then offset gains with corporate expenses. As lovely an idea that it, no it won't avoid any taxes. The only way to avoid the capital gains or ordinary income taxes on ivestments is for you to invest in a tertirement account like an IRA or Roth IRA or employee benfit plan. |
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