Mark to market accounting for Scorp

support1 · ‎03-13-2022

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.

sjrcpa · ‎03-13-2022

Why would this go on Form 4797?

Ex-AllStar

support1 · ‎03-13-2022

Where does it go as ordinary income?

Can you tell me how to handle this?

support1 · ‎03-13-2022

Basically client did section 475 election

sjrcpa · ‎03-13-2022

I'm thinking page 1.

Ex-AllStar

Mark to market accounting for Scorp

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