Do M2M Traders have to list all trades on form 4797?

[FB2020]

Yes no doubt but try to write off a $150k mtm loss vs the $3k loss standard loss and see if they don't challenge it as a "business" . There's no set definition of what a full time trader is and they set the rules

Agreed, but as long as someone meets or exceeds the criteria (i know "loosely defined"), they should be ok I guess. if one can run it by a CPA also, that should provide confirmation..

Green states on his web site to take advantage of new 2020 NOL carryback rules, so I imagine he must be including folks with some w-2 as well. But you're right, no guarantees

 

[listedguru]

I upload it to my dropbox account which the CPA downloads on their end. No need to kill the trees!

So in turn does your CPA print it out and send it in or file electronically? Seems like everyone does it a little differently.

 

[listedguru]

Op here. Just reviving this thread and seeing if M2M traders are listing all trades on form 4797 yet or just doing a summary?

Thanks,

-Guru

 

[listedguru]

I count year end totals, it's how Robert Green did my taxes.

So just to clarify you didn't enter all your trades on form 4797?

Thanks,

-Guru