Trading account info

felicia0855 · ‎February 7, 2020

I have Turbo Tax Home & Business and I have a trading account under my LLC. Where do enter that info?

ThomasM125 · ‎February 10, 2020

If you mean you own an LLC by yourself, with no other partners, you enter that income and expenses as self-employment income in TurboTax. Look in "Income and Expenses" for "Self-employed income and expenses."

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Rick19744 · ‎February 10, 2020

@ThomasM125 I believe you should revisit your response. There is no mention that this individual stated that they are a day trader to reach the level of a trade or business subject to SE tax.

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Also keep in mind the date of replies, as tax law changes.

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Trading account info