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MTM trader Net Income only shows expenses?
MTM trader's gain/losses are entered into 4797 form. I have some gains there. The gains are more than the expenses. The gains/losses will not be shown in the trader's Net Income. When I added the home office expense, the Net Income changed from 0 to a negative number. This directly causes the Audit Risk from Low to Medium. I think there must be something wrong here. Please help.
BTW,
The free Audit Support Guarantee link doesn't work.
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March 29, 2025
11:38 AM