turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Investor or Trader?

Hello--my income is all investment-based. Short-term trading, mostly, but also significant dividends. About half / half after doing tax loss harvesting in 2023.

 

I think being an investor is easier / cleaner / less complicated than being a trader. I don't really want to get into a back and forth with IRS proving I am a trader. If I say that I am an investor, and report my gains losses on Schedule D, can I still write off business expenses onSchedule C? 

 

Or can I write off business expenses only as a trader? (Things such as subscriptions, trading software, networking, education, etc--not home office).

 

Thank you in advance.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Investor or Trader?


@Doony wrote:

If I say that I am an investor, and report my gains losses on Schedule D, can I still write off business expenses onSchedule C? 


No. 

 

See https://www.irs.gov/taxtopics/tc429

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies