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Deductions & credits
Thanks this was helpful. I think I am a trader. Not sure how much you know about robinhood. its a fee-free brokerage stock firm based on iphone apps. I buy and sell my own stocks daily. I spend alot of time research & buy & selling. On daily average, I spend 6-8 hrs on stocks.
my question is that I get 1099-B from robinhood. How do I enter this on my schedule C? when I enter my 1099-B info into my tax return, it generates Schedule D. But I want to put it on my Schedule C. I know when I get 1099-MISC from contractor job, I know how to convert that to Schedule C. Little confuse about 1099-B treatment as Sch C. I have all the evidence to proof I am trader. Robinhood sends monthly statement, which shows my account activity.
‎October 26, 2020
5:46 PM