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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
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Terry53029
Level 12
Level 12

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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