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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    How to input day trading transactions (475(f) designated with IRS)? How to zero out capital gains to transfer to 4797 form?

    phuong-paik
    Level 1
    ‎10-13-2021 12:13 AM
     
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    1 Comment 1
    Terry53029
    Level 14
    Level 14
    ‎10-13-2021 09:24 AM

    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

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