I opened an account with a company that trades Forex with AI for me.
I registered it under my (single member) LLC and it had a startup fee.
1) Is the startup/consulting fee that was asked to work with that company a deduction and where do i enter it?
2) For income and losses, for section988, can I take my profits minus my loses and put that number or do they have to be entered separately? and
3) Where do I add the Forex income in the Turbotax home and business Windows desktop edition? Under Business Income>Other Income? or elsewhere? since the securities company is offshore, they don't give a 1099 or tax documents.
4) The securities trading company where my funds are is held offshore, does Turbotax has the fill-able form 8938 (FATCA) forms in it?
