Does TurboTax Business support LPs that use the Section 475 "Mark-to-market" election?
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.)
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?
No. You should consider using a qualified tax professional with experience in pass-through entity taxation and trader status (with a MTM election).