support1
Level 1

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. 

0 Cheers
sjrcpa
Level 15

Why would this go on Form 4797?


Ex-AllStar
0 Cheers
support1
Level 1

Where does it go as ordinary income?

 

Can you tell me how to handle this?

0 Cheers
support1
Level 1

Basically client did section 475 election

0 Cheers
sjrcpa
Level 15

I'm thinking page 1.


Ex-AllStar
0 Cheers