Hello so I am looking for some advice.
I day traded in 2022 and I believe I am eligible for trader status from IRS definition.
However, basically, after paying subscription fees/brokerage fees/other expenses, there is no net gain and therefore, I would like to use trader status to reduce taxable income.
Not saying I am looking for Market to Market election, but trader with "No MtM" but able to write off business expenses such as those fees. This would be my 1st year to do as a trader status, so I am here to ask questions
In this case, do I need to open to work on business items in Turbo Tax?
Thank you
