Sam2638
Level 1
 
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sjrcpa
Level 15

The facts determine if they are a dealer or investor.

Dealer would report on Schedule c. Investor would report on ScheduleD/Form 6949.


The more I know the more I don’t know.

View solution in original post

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itonewbie
Level 15
@Sam2638 Susan meant F.8949.
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Still an AllStar
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Sam2638
Level 1
Thank you for your response.  How do I determine Investor v. Dealer?
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sjrcpa
Level 15
Yes I did mean 8949.

The more I know the more I don’t know.
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itonewbie
Level 15
:smile::smile:
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Still an AllStar
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itonewbie
Level 15

If you want more elaborate discussions, you'd find them here: https://accountants-community.intuit.com/search?filters%5Bcountry%5D=US&filters%5Bdocument_type%5D=Q...

As Susan says, it depends on facts and circumstances.  It's the same assessment you make as to whether these activities constitute a ToB.

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Still an AllStar
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Sam2638
Level 1
Thank you both for taking the time to provide guidance.
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itonewbie
Level 15
NP, @Sam2638.
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Still an AllStar
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sjrcpa
Level 15
You're welcome.

The more I know the more I don’t know.
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