Form 4797

[taldrknsom]

Instructions for Form 4797 states that the first item on line 10 should say

Trader-See attached and then we have to enter the totals for columns d, f, g in  that line.

My question is: How do I say

"trader-see attached" in line 10 of form 4797 and then the column totals?

How do I attach a separate sheet where all individual transactions are reported for the trader activity?

I can list all of my transactions but I am unable to write "Trader-See attached" on the first line of the table for line 10. Please help. This is my first year as a trader status. Thanks

[fanfare]

First get into Forms mode (this means you're using the desktop program, not Online).
Then open Schedule C Give it a name (Trader)
Set Line 7 Accounting Method Other (MTM)

Click the upper Quickzoom button Disposition Worksheet
Give it a description ( "Trading outcome")

In Part 1 A. enter (as per IRS instructions) "Trader-see attached".
The red boxes for Property A will open.

Fill in the red boxes with your year end results.

For Type of property Choose H ( Ordinary )

Your 4797 p1 will be generated.
Open your form 4797 and complete Line 1 (one of the few fields that will take more than 10^7 dollars)

Open Form 1040 Click Print on the bottom of the screen.
The income appears on your Form 1040 Line 8
Note: When the tax return is printed, Schedule C will not be included.
If you want Schedule C you'd have to complete some other lines there.

The attachment is the details of all your trades for the calendar year.
That means you'll have to file a paper return.

@taldrknsom