Does TurboTax Business support LPs that use the Section 475 "Mark-to-market" election?

[dbooksta]

Will TurboTax Business support and walk me through the preparation of returns and K-1s for a Limited Partnership that uses the Section 475 "Mark-to-market" election?

(The LP actively trades securities through Interactive Brokers.)

[Anonymous_]

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@dbooksta wrote:

Will TurboTax Business support and walk me through the preparation of returns and K-1s for a Limited Partnership that uses the Section 475 "Mark-to-market" election?

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No. You should consider using a qualified tax professional with experience in pass-through entity taxation and trader status (with a MTM election).

See https://taxexperts.naea.org/listing/service/partnerships