Business & farm

A few comments:

  • While Green's Trader Tax Guide may suggest this, upon audit, they have a name and reputation within the Trader Tax preparation world and would be able to deal with the IRS more easily.
  • I wouldn't recommend this.  If you have all the support and records to support your TTS, then you shouldn't need to worry about an audit.
  • If you do shift some ordinary gains to Schedule C, you will need to reflect some transactions on form 8949 adjusting the cost basis to net to zero and reflect the gain on Schedule C.
  • While in the end you net to the same place, it also opens up any potential audit to possibly other items within your tax return.  More IRS scrutiny.  
  • Your call.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.