Where to write off trading expenses


#1

Hi folks,

I know no one here can provide tax advice, but I was wondering if in your experience anyone can tell me where they have reported misc expenses related to trading, such as courses, subscription services like Apex, and trading signal service subscriptions, chart tools, etc., in their tax returns before as beginning traders.

I’m not considered a trader by the IRS, as this isn’t my full-time gig and I have a job. Trying to use TurboTax to plug these expenses in somewhere but just not sure where to put them.

Anyone ever been in my shoes before when they are just starting out that has any guidance?

Thanks


#2

In Turbotax, Deductions and Credits -> Retirement and Investments -> Other Investment Expenses is where I put them.

(DISCLAIMER - I AM NOT QUALIFIED TO GIVE TAX ADVICE. PLEASE SEE A CPA OR TAX ATTORNEY)