If not, you will have to file your trading Profits/Losses as Capital Gains (IRC 988). Independent trades are taxed differently, but only if you trade fulltime. Your best bet is to, set up shop as a single professional trader - if you don't have clients or need the protection of a Corp status. It's treated just like a Sole Proprietorship (which is another pointless business/tax structure).
There are NO tax benefits for being a Single Member LLC.
Don't waste you time with a ''Single Member LLC", unless you deal directly with and/or have clients, to where you would need the asset protection if any problems/suit arise.
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