DeveraC
Level 3

But he was never an employee so it's not the same, right? Could I report it as Sch C., then 100% expense stating as reported on Sch. D. Then, report the full amount as profit on the 8949/Sch. D? He has a huge carry forward loss in capital gains which would help offset the profit. 

Or no, this isnt the way?

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