Broker personal finance question: I’m a young tenant rep broker going into year 2 of working at a decent sized local firm. What’s the best way to set myself up to save money on taxes?
I’ve heard a number of different strategies, setting up an LLC, S Corp, I’m curious what any seasoned brokers have to say on the matter as it doesn’t seem appropriate to ask my seniors about their personal finances.

Also a side question: Is it even in my best interest to show less taxable income personally? I’d like to buy a house or duplex in the next couple years. Will it be much harder to get lending this way?

Any thoughts would be greatly appreciated!

And I appreciate you all, as I’ve come to find this sub as a great resource for reading and learning.
[{"id": "h94z45m", "text": "Ask a CPA", "replies": [], "depth": 1}, {"id": "h95aj9t", "text": "There is a minimum income, after which it likely makes sense to switch over to an S Corp and run your brokerage income through that and also your work expenses. I've heard $75k or 100K. There are costs to doing this, incorporating, multiple bank accounts, cards, more complex taxes, etc. so if you are just starting out it may make sense to wait.", "replies": [], "depth": 1}, {"id": "h95qxvc", "text": "My advice is ask this question to an accountant, not Reddit.", "replies": [], "depth": 1}, {"id": "h9651m7", "text": "As others said, ask a CPA. I have my business set up as an LLC that I tax as an S Corp.", "replies": [], "depth": 1}, {"id": "h98c757", "text": "Appreciate the feedback everyone! Wanted to ask Reddit before asking a CPA and looks like the consensus is I should\u2019ve done the opposite lol. Can\u2019t learn unless you ask the question I guess. Hope everyone has a strong rest of the week!", "replies": [], "depth": 1}]