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1099-INT and 1099-DIV for Traders of Secuities (MTM)

I've searched but can't find an answer for this.  I have a dedicated brokerage account that I use exclusively for my 475(a) elected trading business that I've previously reported on a Schedule C.  This year, the account kicked off both reportable interest and dividends.  How do I report those for the business as in my mind they should be considered business income, and not personal income?

 

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ThomasM125
Expert Alumni

1099-INT and 1099-DIV for Traders of Secuities (MTM)

As with pass-through entities such as S corporations and partnerships, interest and dividend income associated with self-employment income would be reported on Form 1040 as personal interest and dividends. There is no where to enter that type of income on a schedule C form.

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1 Reply
ThomasM125
Expert Alumni

1099-INT and 1099-DIV for Traders of Secuities (MTM)

As with pass-through entities such as S corporations and partnerships, interest and dividend income associated with self-employment income would be reported on Form 1040 as personal interest and dividends. There is no where to enter that type of income on a schedule C form.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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