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Deductions & credits
Thank you so much, DianeW777.
First to answer your question - I am using TurboTax CD/Download Premier, and I am a Day Trader, not an investor. And also, I did not choose to use the Mark-to-Market method.
So just to confirm, since I didn't elect mark-to-market, I have no choice but to use Schedule D and Form 8949 to report my trading activity, and, therefore, I CANNOT use schedule C for home office expenses.
Is there any way a day trader (not using mark-to-market) can get any deduction for a home office, computers, internet service, etc?
Thanks again.
March 10, 2021
9:23 AM