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Stocks (Options, Splits, Traders)

This is archived information that pertains only to the 2002 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Is there any publication that explains the proper way to file a Schedule C as a day trader?

Publication 550 (PDF), Investment Income and Expenses, which is specific to traders, includes a section titled Special Rules for Traders in Securities.

Internal Revenue Code section 475(f) and Revenue Procedure 99-17 apply only to traders who elect to use mark-to-market method of Accounting.

References:

  • Publication 550 (PDF), Investment Income and Expenses
  • Publication 535 (PDF), Business Expenses
  • Form 3115 (PDF), Application for Change in Accounting Method
  • Internal Revenue Code section 475(f)
  • Revenue Procedure 99-17

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