Using TurboTax or TaxAct for MTM accounting

TradeLog provides Mark to Market reports that can be saved in PDF format and attached to popular software programs, if allowed. However, we do not have any method for importing the details or totals of Form 4797 or other MTM reports.

For direction on adding Form 4797 to your return in TurboTax online version, this link may help you get started: TurboTax Community Discussions. Then you can click How to enter sale of business property for traders with MTM election to expand further details.

For direction on adding Form 4797 to your return in TaxAct online version, this link may help you get started: TaxAct Answer Center

You should contact the tax software provider directly if you are not sure how to report.