Hello all,
I am a futures trader... I am paid based off of a percentage of my profits (essentially commission based.) and last year I recieved a
1099Misc from my firm based on my profits and filed with a schedule C. as Self Employed.
This year however, my firm sent out 1099-Bs. with our income reported in box 8. Regulated Futures Contracts. So going through the motions with turbo tax. I input the information in the Investment income section Contracts and Straddles. However I see no where to deduct my home office business expenses. (I checked the box that specified this was Self-Employment Income for me)
So my questions:
A: did I enter this information correctly? B: Can I file a schedule C to take advantage of the expenses I paid?
Thank you all for your help