@DawnC @spencer00 I guess I have the same question as @spencer00 : just trade tax status (TTS) but no MTM (Mark to Market). My question is that even though trading income is reported in sch D for TTS with NO MTM, there is NO reason for the IRA not to allow to enter the trading income in the trading business of sch C.
So again, for TTS with NO MTM
1). Is the restriction of only including dividend & interest in sch C. a restriction only by Turbotax, not really by IRS, correct?
2). Can I include some or all trading income from sch D to sch C so that I can have more SEP IRA, qualified business income deduction & even health insurance premium deduction? I don't mind paying more SEI (Self employment income) tax here. Again, I understand this might not be possible (or automatic) using Turbotax (even desktop), but maybe there is a way to simply 'move some trading income' to sch C manually in Turbotax desktop to do so? If there is one, anyone knows how?
Thanks and I'm pretty sure that's what @spencer00 and probably many are asking.
