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paritosh_fulsunge
Returning Member

How to fill Form 4797 for MTM Trader of Equities and Options

Hi,

I am a MTM trader in securities and options and used my account for trading thru the year 2022. I have already opted into MTM trader with my 2021 tax returns and got the accounting method changed with my broker too. So now I have all my 1099-B generated as MTM. I know all the data that need to be entered in Form 4797 and could also add the form to my tax return using the forms view but Part II line 10 that need to be used to report all the trading activities is not enabled in this view, neither can I entre the final numbers in the form view. Need help to figure out the process that need to be used to enter trade Ordinary gain and losses from the trading activity in form 4797 Part II.

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1 Reply

How to fill Form 4797 for MTM Trader of Equities and Options

See if this link helps you out:

https://ttlc.intuit.com/community/business-taxes/discussion/reporting-gains-on-irs-form-4797/01/2655...

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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