That is correct. It seems like a very grey area as the ATO's example of Molly (https://www.ato.gov.au/General/Capi...ng-as-investor-or-share-trading-as-business-/) has thrown me off.
It states she is an electrical engineer (assuming this is her current FT job - stating she 'is' and not 'was') but doesn't specifically outline how many hours a week she dedicates to it. Her holds are on average 12 weeks which is a higher average than mine.
Agreed, I will most likely end up consulting an accountant, just curious if I was overthinking it haha.
Also I actually did my return last year claiming a profit as a share trader and it was accepted. Assume exactly the same conditions as above, just a 10k profit rather than loss.
Claiming a profit was more straightforward though haha
