Hello, I submitted my schedule C form for my stock trading business. I submitted prop firm account fees under what seemed like the most appropriate option while submitting my taxes on turbo tax. Looking at my taxes after they were submitted, the expenses are under legal and professional services instead of commissions and fees. Is this something I should worry about and have to change ?
015443
1 Replies
Mike9241
Level 15
Apr 26, 2025 8:23:31 PM
what type of commissions.? those based on account value or account handling or commission charge for the purchase and sale of securities.
if for the purchase or sale of securities, those should have been part of your gain/loss otherwise do nothing.