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Deductions & credits
Your expenses can't go on schedule C because you don't have the type of business that allows it.
There wouldn't be any self-employment tax because you wouldn't have any income there. In order to be able to put your investment expenses on schedule C with your income on schedule D you need to be a trader.
You should consult an attorney in your area to go about structuring your investment business to allow you to deduct expenses. There are a variety of options that would let you do exactly what you want to do. Once that structure is in place you will be all set.
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‎April 8, 2024
12:23 PM