@Rick19744
I have not made the election to be TTS. I have over 1000 trade transaction to be considered day trader. most of these trades are open & closed on same day.
someone told me that I can use Form 8829 (home use of biz) and not use Sch C which will show losses every year. On F 8829, Other income including Schedule D and Form 4797. Thats where I can report my Sch D as well. Then my expenses there. I rent an office (not home) so I have $12K rent expense. I do have enough capital gain even after all expenses.
