Let's all back up and look at the actual IRS rules. See Topic No. 429 Traders in Securities (Information for Form 1040 for the required reporting based on investor, trader or dealer.
Notice:
- the trader does not mix personal account holdings with the tradings.
- gains and losses from selling securities from being a trader aren't subject to self-employment tax.
- must have made the mark to market election with last year's taxes
If you haven't done the above, you are not a trader, regardless of your transaction numbers. You are a sch D investor.
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