You will need to report as investment sales any proceeds reported to you on a form 1099-B and deduct as the cost basis an amount equal to the amount you pay back to the person that you purchased the investment for.
It sounds like you are in the business of transferring money.
If you are not doing it for profit, then it would be considered a hobby and as such you cannot deduct expenses associated with it. So, you could be in some trouble if you were to get audited.
Since you are receiving the proceeds, it is conceivable that they would be taxable and you would be prevented from deducting the cost of the trades.
So, it would be best to charge a fee for your services and as such make it a legitimate business and then you can report the sales and deduct the cost basis and pay tax on the profit.
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