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Can I record expenses on Sch C, for a stock trader, who's income to recorded as capital gains on Sch D? That means his Sch C will have a negative balance.

bjtvrdik
Level 1
 
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1 Comment 1
qbteachmt
Level 15

You should start with the IRS reference materials:

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

 

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