DavidD66
Expert Alumni

Get your taxes done using TurboTax

You don't need to actually put the statement in QuickBooks.  Print a copy of the statement, sign and date it (it must be dated no later than March 15th).  Scan the signed copy and save on your computer.  If you have paper files, file the hard copy.  

 

You said you are a "new taxpayer for LLC".  The exception to making the Mark to Market 457(f) by attaching a statement to your tax return for the year prior to year you want it to go into effect doesn't apply if you if you filed a tax return, but didn't have an LLC.   It only applies if you personally were not required and did not file a tax return.  You can still be a trader, you just can't use mark-to-market.  

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