New client, says she is a currency trader, says she does not receive any 1099-B forms but she gave me a schedule of currency trade activity indicating a "P&L" that appears to be the profit on the trades, and a commission paid on each trade.
Where does all of this activity get reported, a Schedule D or a Schedule C or both; I say both because she has expenses for doing business; ie computer, software, supplies, etc.
Is this a Schedule C with the profit on each trade reported as the income on Schedule C and no Schedule D?
I appreciate all replys.
Have a good tax season.
Nick
