Sam2638
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12-07-2019
08:38 AM
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Best Answer Click here
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sjrcpa
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12-07-2019
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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.
itonewbie
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12-07-2019
08:38 AM
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@Sam2638 Susan meant F.8949.
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Sam2638
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12-07-2019
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Thank you for your response. How do I determine Investor v. Dealer?
sjrcpa
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12-07-2019
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Yes I did mean 8949.
The more I know the more I don’t know.
The more I know the more I don’t know.
itonewbie
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12-07-2019
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itonewbie
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12-07-2019
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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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Sam2638
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Thank you both for taking the time to provide guidance.
itonewbie
Level 15
12-07-2019
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NP, @Sam2638.
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sjrcpa
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12-07-2019
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You're welcome.
The more I know the more I don’t know.
The more I know the more I don’t know.