I can't see "Other" in accounting method, only "cash", "accrual" and "combination". I'm using Home&Business 2016 and using MTM accounting.

avellil · ‎June 4, 2019

I use Mark to Market as accounting method in my Schedule C and based on the answers I see, I should select "other".

However, I see no "other" option, only "cash", "accrual" or "combination". I'm using Home and Business 2016. Thanks

LudwigVan_fan · ‎June 4, 2019

I would use the combination. There is an "overall" method of accounting which would be cash or accrual.

Within that, there are sub-methods. Mark to market would be a sub-method.

See the following rules to see if you have made the proper election for mark to market.

https://www.irs.gov/taxtopics/tc429.html

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**

View solution in original post

LudwigVan_fan · ‎June 4, 2019

I would use the combination. There is an "overall" method of accounting which would be cash or accrual.

Within that, there are sub-methods. Mark to market would be a sub-method.

See the following rules to see if you have made the proper election for mark to market.

https://www.irs.gov/taxtopics/tc429.html

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**

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I can't see "Other" in accounting method, only "cash", "accrual" and "combination". I'm using Home&Business 2016 and using MTM accounting.