- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The gains from Form 4797 should not be reported on Schedule C. For traders, Schedule C is used for business expenses only, not income.
Take a look at the following TurboTax help article for guidance:
How do I report my trader activity with or without Section 475(f) election in TurboTax?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 27, 2025
5:36 AM
1,288 Views