I have TurboTax Home&Business 2016 - I have a single-member LLC under which I trade stocks & options. How do I enter my trading transactions as business income? Thanks

[RichardG · Accepted solution]

If your LLC is a disregarded entity (it probably is), report your stock transactions on Schedule D and Form 8949 the same as though the LLC did not exist.  

[mo932]

Thank you very much for your advice about reporting the pass-through LLC's stock trading transactions on our personal Schedule D and Form 8949. Do we still need to enter any income data for this type of LLC into Schedule C - Part 1 Income? Also, can we still show the LLC's expenses in Schedule C - Part 2 Expenses?

[DaveF1006]

No, you won't enter this income as Schedule C income and you won't claim any investment expenses in Schedule C. You can enter other ordinary and necessary expenses regarding your business income but not your investment expenses.