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uhtaxmba
Level 4
February 5, 2021
Question

Business use of home and day trader

  • February 5, 2021
  • 9 replies
  • 36 views

If a day trader either shows income on Sch D or 4797, then Sch C, where they show their expenses, will never have a net profit.  So business use of home expenses will never be allowed.  Please advise.

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9 replies

garman22Intuit Community Champion
Intuit Community Champion
February 5, 2021

https://www.journalofaccountancy.com/issues/2001/jan/daytradingandselfemploymenttaxes.html

 

Good read for day traders.

    uhtaxmbaAuthor
    Level 4
    February 5, 2021

    Already read it.  It does not address my question, however.

    abctax55
    abctax55
    Level 15
    February 5, 2021

    You didn't ask a question, you made a statement.  

     

     

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