Hi @PatriciaV
Upon further review of the suggested solution re: Section 475F election, I got the next question: My K-1 instructions tell me to report that gain on Form 4797 Part 2. However after I went through steps on
How do I report my trader activity with or without Section 475(f) election in TurboTax?
the number appeared in Part 1 line 7. Part 2 remains empty, even though it mentions gains from line 7 in the line 11.
Is that normal or a bug?
BTW, comparing this to my last year's return I see that last year it went to Part II. All my actions are the same. What is the root cause of the difference?
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Found it myself. There is a small dropdown in the form mode in 4794 which tells whether it should go to Part 1 or Part 2
