Is it possible to add a note in TT Business for the IRS?
Is it possible to add a note in TT Business for the IRS? I would like to specify that I have used Mark To Market pursuant to IRC Section 475, as I have been doing for 2 years.
Thank you.
01442
1 Best answer
Anonymous_
Level 15
Mar 15, 2020 4:16:37 PM
You do not have to include a note each year with your return. Once you make the election, the only way to stop using mark-to-market accounting is to make a request for revocation.
You do not have to include a note each year with your return. Once you make the election, the only way to stop using mark-to-market accounting is to make a request for revocation.