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all right for this video I want to go over the IRS form 4797 the sale of business property and specifically I want to talk about how to complete the 4797 if youamp;#39;re making a mark to Market election under Section 475 f for Traders okay so this is a sample 47.97 for a taxpayer that qualifies for a Trader tax status or TTS for short and then made the 475f election at the start of the year so Iamp;#39;ve got the 4797 here thatamp;#39;s part of a complete return for John so itamp;#39;s itamp;#39;s full 1040 weamp;#39;ll go through all those pieces and then in addition to this I do have one slide here covering some background on Trader tax status and the MTM election and then the fact pattern itself those details here and then in addition to this I do have one Excel workbook showing some of the details of the transactions that he had during the year so if we start with the slide and then weamp;#39;ll go into the return next uh some general background on Trader tax status right s
