Years ago, I met a gentleman who wanted to learn the fundamentals of options trading. He was aware of the nightmare that options trading can have to an individual’s tax return. Basically, needing to hire a tax professional to prepare the return.
Being a thrifty gentleman, he found a creative way around this issue. Also, he did not have the initial start-up funds readily available, so he started investing though his IRA account. He had it set up with one of the self-investing brokerage firms.
So he started trading options in his IRA account.
His goal was to run the fund up to $1mm and then retire. I lost track of this gentleman, but I do wonder if he retired early or not?