Report it in a fashion similar to how the Professional Trader would do it.
enter a Schedule C
- Line A "Day Trader"
- income item Line 6 and list your total gains or loss for the year from day trading.. Or
- Use Form 4797 which would also show just a one line summary entry with description "Trader-See attached" (as per IRS instruction).
Then attach your transactions details for the calendar year to your return.
Like a Professional Trader you must file a paper return.
if you have no profit and expense deductions are denied, that's the name of the game.
