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How to report Trading income as Business income, to get Home Office expense deduction.
I trade frequently and have +ve income (profits) from trades reported on Schedule D (per https://www.irs.gov/taxtopics/tc429). The Business section of Turbotax Windows won't let me deduct Home Office expenses as the income on the Business section is 0 (since i've reported it on Schedule D, don't want to double-report income in Business section).
How do i transfer the Schedule D income to Schedule C/Business section so i'm able to enter Home Office expenses in the Business section and get a deduction for it?
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‎June 4, 2019
6:22 PM