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1099-INT and 1099-DIV for Traders of Secuities (MTM)

Forum|Forum|2 years ago
February 22, 2024
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I've searched but can't find an answer for this. I have a dedicated brokerage account that I use exclusively for my 475(a) elected trading business that I've previously reported on a Schedule C. This year, the account kicked off both reportable interest and dividends. How do I report those for the business as in my mind they should be considered business income, and not personal income?

Thanks

Best answer by ThomasM125

As with pass-through entities such as S corporations and partnerships, interest and dividend income associated with self-employment income would be reported on Form 1040 as personal interest and dividends. There is no where to enter that type of income on a schedule C form.

T

ThomasM125Answer

As with pass-through entities such as S corporations and partnerships, interest and dividend income associated with self-employment income would be reported on Form 1040 as personal interest and dividends. There is no where to enter that type of income on a schedule C form.

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