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Maybe a dumb question. For 1099 work it’s expected to set aside 30-35% of the earned wages for taxes. Can I set that aside into an individual trading account, then withdraw when needed?
Maybe a dumb question. For 1099 work it's expected to set aside 30-35% of the earned wages for taxes. Can I set that aside into an individual trading account, then withdraw when needed? I don't expect it to offset the entire taxes, but instead of it sitting stagnant in my savings account I thought it might do better growing for the 6-8 months before needing it to pay off its taxes. Like I said, could be a dumb question, and this may lead to that money being double taxed. Not sure...
submitted by /u/cptmookie
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