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October 13, 2021
Question

How to input day trading transactions (475(f) designated with IRS)? How to zero out capital gains to transfer to 4797 form?

  • October 13, 2021
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1 reply

Intuit Community Champion
October 13, 2021

If your client has made the 475f election, then you would file on schedule C and 4797. Here is a good article on subject:

https://www.thetaxadviser.com/issues/2010/feb/sec475mark-to-marketelection.html