Your facts are limited, however, as general commentary:
- If you have not made a Section 475(f) election (many traders do make the election), then you will just input all the trades on form 8949 which will then transfer to Schedule D. Take a look at the attached link and follow how the form works. There is a netting process and the end result is based on the ST and LT gains and losses.
- https://www.irs.gov/pub/irs-pdf/f1040sd.pdf
- I have also attached a link to Publication 550 which has a brief discussion on trader status (chapter 4). Keep in mind, that this election needs to be made in the year that you want that status; example, you needed to make that election by July 15, 2019 (due to the extension of the original tax due date) in order to be eligible for the 2020 tax year. You will need to make that election (based on current rules) by April 15, 2021 to be eligible for trader status on your 2021 tax return.
- https://www.irs.gov/pub/irs-pdf/p550.pdf
This is a complicated area with a lot of tracking required.
*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.
