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S
support1
Level 2
March 13, 2022
Question

Mark to market accounting for Scorp

  • March 13, 2022
  • 1 reply
  • 6 views

Hi, can anyone help me on how to enter MTM disposition of stocks in a Scorp. How do we record this, so it gets treated as ordinary income in form 4797. 

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1 reply

sjrcpa
sjrcpa
Level 15
March 13, 2022

Why would this go on Form 4797?

The more I know the more I don’t know.
S
support1Author
Level 2
March 13, 2022

Where does it go as ordinary income?

 

Can you tell me how to handle this?

S
support1Author
Level 2
March 13, 2022

Basically client did section 475 election

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