support1
Level 1
03-13-2022
01:00 PM
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Hi, can anyone help me on how to enter MTM disposition of stocks in a Scorp. How do we record this, so it gets treated as ordinary income in form 4797.
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sjrcpa
Level 15
03-13-2022
01:26 PM
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Why would this go on Form 4797?
The more I know the more I don’t know.
support1
Level 1
03-13-2022
02:14 PM
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Where does it go as ordinary income?
Can you tell me how to handle this?
support1
Level 1
03-13-2022
02:15 PM
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Basically client did section 475 election
sjrcpa
Level 15
03-13-2022
02:39 PM
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I'm thinking page 1.
The more I know the more I don’t know.