Question

How to enter Part 2 information in Form 4797

Forum|Forum|2 years ago
October 1, 2023
1 reply
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I made a Mark-to-Market election and have some losses I need to enter into TurboTax on Form 4797 Part 2 Line 10. I can open Form 4797 but it is not allowing me to enter any information on Part 2 Line 10. There is a separate Enterable 4797 (Securities) form which is available but that only starts from Part 3.

Could you please help.

A

Anonymous_

Employee

See the thread below.

https://ttlc.intuit.com/community/taxes/discussion/how-can-i-make-the-mtm-election-for-the-next-year/00/272031

You might have an issue trying to enter the information in Part II without doing overrides (which voids various guarantees) in Forms Mode. Ultimately, you would have to mail your return.

Otherwise, TurboTax does not support the M-T-M election. There may be a method of entering transactions during the interview that would appear in Part II (4797), but it would be in an unrelated section of the program.