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Level 2
June 6, 2019
Question

I had elected mark-to-market during last year Tax filing.This year I need to submit form 3115 and form 4797(with adjustment 481).Will I be able to do this using turbotax?

  • June 6, 2019
  • 2 replies
  • 0 views

1. Which version of turbotax helps with this ?

2. Do I need to use software like tradelog additionally ?

3. Can all these (3115, 4797 etc.,) be done using e-file ?

2 replies

Level 2
June 6, 2019
The TT Home and business allows FORM entry in addition to the Q and A method.  It is worth the cost.  Virtually all financial institutions provide down loading capability.  Manual entering is OK if you have a very limited number of transactions.  More active trades really do need a logging package.  TT will tell you if you if E filing is allowed considering the forms you use.
fanfare
Level 15
June 6, 2019
how many thousands? If over one thousand you will probably hit the transaction limit for TurboTax.CD/Download. TurboTax Online will not handle it at all.
BUT
If you use Tradelog, print the Form 8949 to PDF and select the Mail-In option.
HINT:
other tax software will attach the PDF to your e-File to avoid mailing. We're not allowed to name them here.
Level 2
April 9, 2022

Hi, I am facing the same dilema first time MTM filer. How did you resolve your issues? 

Level 15
April 9, 2022

Can you describe the issue you are having, so we can better assist you? @Moonraker

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