Thank you for your question.
It depends. If you are running a business and your main line of business is daytrading, then you may be able to deduct the book expense. However, if you are just trading on your own time and not doing it as a living, then you won't be able to deduct the book expense.
For more information, please see the link below:
What Kind of Expenses Can You Claim for Your Small Business?
If you have any questions, you can contact our phone support team or contact us via private chat on Facebook or Twitter.
nanyen-lin
New Member
countrycaterings
New Member
sheilajalava
New Member
lyndonwiebe78
New Member
merlin1107
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.