Only your expenses go on Schedule C. The income remains on Form 4797. See How to Report Trading Activity - Without the election, gains and losses are recognized when the security is sold. They are treated and taxed as capital gains and losses and are subject to capital gains tax rates, as well as the limitation of losses and the wash sale rules.
With the election, gains and losses are based on the value of your holdings at year-end. It's treated and taxed as ordinary income. The limit on losses and the wash sale rules don't apply.
Regardless of which you choose, the IRS recognizes you as a business. Therefore you report expenses on Schedule C. Commissions and fees paid to acquire the security aren't an expense, but are used to calculate the gain or loss of that security.
The profit or loss stays on the form appropriate to the method you used (Schedule D & Form 8949 or Form 4794) and doesn't get carried to Schedule C.
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