RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You're going to need to file a schedule C as a trader.  If you have not made your 'Mark to Market' election yet then you need to do so before you can get regular income treatment for your losses.  If you have already made the election then you can enter your trades directly into form 4797 to get regular income treatment for them.

 

Here is a TurboTax article on making these entries.

 

@duttaranjan 

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