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How to report an S-Corp MTM Losses?
I elected an MTM accounting for my trading S Corporation. However, when I import TD Ameritrade's 1099-B, TurboTax Business automatically classifies my trading losses as capital losses, not ordinary business losses. How do I trick the program in to classifying my trading losses as ordinary business losses so they offset my ordinary income on my personal return?
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‎August 9, 2023
3:46 PM