ToddL99
Expert Alumni

Retirement tax questions

Your stated "Occupation" on the tax return has no effect on how your tax is calculated. 

 

If you are a legitimate day-trader and are reporting stock gains/losses on Schedule C, then any net income from those trades is subject to self-employment tax.

 

If not a day-trader, then your stock gains/losses are reported in the Investment Income section of TurboTax Premier or higher version.