ricky: 老大: Great! I was worried that the 3115 wont be accepted since your M2M statement was not done before april 15 2008.
Did you send the M2M statement
printed 2 copies of M2M statement. don't forget sign.
ricky: 老大: did you issue the M2M statement together with the 3115 and the Fed return? In your M2M statement did you mention 2008 as the election year? Hav
I checked status by phone and my 2008 return "processed".
I filed 3115 form. The form instructions show you where to file(place is different with tax return).
Then I sent 2008 return to IRS with a copy of form 3115.
ricky: Hello QLD 老大, I read the tax pub 550 and found that you should put the trade history in Form 4797 PartII. Not sure why your turbotax puts into the
Sorry, my previous message may mislead you.
I mean that Turbotax put my accounts balance into Schedule B instead of trading history.
Yes, I issued a statement for changing to M2M and filed 3115.
Hello QLD 老大, I read the tax pub and found that you should put the trade history in Form 4797 PartII. Not sure why your turbotax put the schedule B. BTW did you issue the election (M2M) statement and then file 3115?
ricky: Hello QLD 老大: I have a question regarding to the tax filing as the trader in securities. It looks that Schedule D has no place to enter to show the
One more, if you plan to use MTM, you should fill in Schedule-B instead of Schedule-D. I use trubotax and fill Trade In Securitu in Bussiness. Then Turbotax automatically fill these information into Schedule-B
ricky: Hello QLD 老大: I have a question regarding to the tax filing as the trader in securities. It looks that Schedule D has no place to enter to show the
I wrote a statement to describe how many trades I have last year.
Your brokers already reported all of your CLOSE actions, so you do
not have to worry about that they may not trust your statement.