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Get your taxes done using TurboTax
1. You say you qualify as a Trader to request the MTM election, so you should already be filing Schedule C. Making the MTM election does not make it a business, it just changes the way you report the business trades.
2. Include the statement with your tax return (so all would need to be mailed) or you can file for extension by mail with the statement and then e-file the return.
3. Again, as a Trader, you should already be using Schedule C.
4. As a Trader, especially if you elect MTM, you really need to use TurboTax Home and Business DESKTOP. You'll need to make some entries directly on the forms.
HERE is a link to more information that might help.
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‎April 10, 2024
7:15 PM