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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (1922)2/24/1999 8:32:00 AM
From: AS Hibbs  Read Replies (1) | Respond to of 5810
 
Colin, I just got off the phone with a IRS auditor. I had called several times looking for a copy of 475 and trying to figure out how to make the election for 1998 now (since I did not do it before). She read through the code and told me to enter it on line F of Sched C under accounting method. I don't know if this is accurate, but it is straight from a "technical support" person.

Scott



To: Colin Cody who wrote (1922)2/24/1999 11:52:00 AM
From: bruce bell  Read Replies (1) | Respond to of 5810
 
Are you saying if you elect Marked to market you must show losses/gains over four years?