I have an LLC whose business is trading securities (stocks and options), and am a trader by IRS definition. Which forms should I use to record the capital gains/losses?
The answer indicated I should use Schedule C, but isn't that for sole proprietorships? The business is an LLC Partnership. Does that matter?
01779
1 Best answer
MinhT
Expert Alumni
Jun 3, 2019 11:39:32 AM
If you are a trader, you report your capital gains and losses on Schedule C.
1 Replies
MinhT
Expert Alumni
Jun 3, 2019 11:39:32 AM
If you are a trader, you report your capital gains and losses on Schedule C.