Dear,
A trader who made 475f selection put gain/loss in 4797 form according to below
- Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f).
It seems that TurboTax does not pick up gain from form 4797, so you cannot input office expense, so on in schedule C,
Also you cannot get QBI deduction. So could someone share ideas how to do schedule C and get QBI deduction in this case in TurboTax desktop? Thanks a lot for kind help.
Lucy
