Yes, your capital gains are indeed a type of income. To further clarify the prior post, you will complete a Schedule C Profit or Loss From Business; however, your Schedule C will only include your expenses associated with your trading business. Your income, that is, the capital gains (and capital losses) will be reported on Schedule D and/or Form 8949. Because you have not made the section 475 election, you don' t get the benefit of treating any capital losses as ordinary losses and further, you won't be preparing a Form 4797 as only those traders who had timely made the section 475 election complete Form 4797. Your gains and losses from being a trader are not subject to self-employment tax.
Because your Schedule C will only include expenses, (but no income because that has already been reported on Schedule D and/or Form 8949), you will generate a loss, but it will also be a QBI loss. Your QBI loss will carryover to the next year.
@olio1987
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