Thank you, few more Q.
1. Will turbo tax help to file for section 475 (f) (mark to market) election? I believe I should quality for trader tax status, and I want to file this election for year 2020 to convert capital losses into ordinary losses (which i believe is available to trader tax status).
(I know the usual deadline is april 15, 2020, but due to corona virus, they have extended deadlines for making all elections to july 15). Will be filing this along with the return for year 2019.
2. If TT can help file filing 475, can that be e-filed with the return, or it needs to go as paper?
3. Also, at what point I need to file form 3115 (which is required with section 475) ? Do I file this also now along with filing 475 (with tax filing for year 2019)? or later (when?)
Does TT help with filing (preferably e-filing) form 3115 also?
Thanks!
