Schedule C

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

10.2 Capital Gains, Losses/Sale of Home: Stocks (Options, Splits, Traders)

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

There is no publication specific to DayTraders. But see the Instructions for Form 1040, Schedule D . The section "Traders in Securities" has information for DayTraders.

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, Investment Income and Expenses
Publication 535, Business Expenses
Form 3115 (PDF), Application for Change in Accounting Method
Instructions for Form 1040, Schedule D
Internal Revenue Code section 475(f)
Revenue Procedure 99-17

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Keyword: Schedule C