Rev. Proc.97-43 and Revenue Ruling 97-39--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Rev. Rul. 97-39, Mark-to-Market Accounting Method for Dealers in Securities

OMB 1545-1558

Revenue Procedure 97-43 provides taxpayers automatic consent to change to mark-to-market accounting for securities after the taxpayer elects under section 1.475(c)-1, subject to specified terms and conditions. Revenue Ruling 97-39 provides taxpayers additional mark-to-market guidance in a question and answer format.

The latest form for Rev. Proc.97-43 and Revenue Ruling 97-39--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Rev. Rul. 97-39, Mark-to-Market Accounting Method for Dealers in Securities expires 2023-08-31 and can be found here.

Latest Forms, Documents, and Supporting Material

Document Name
Rev Ruling 97-39.pdf Supplementary Document
Rev Proc 97-43.pdf Supplementary Document
2020-08-10_SS_1545-1558.docx Supporting Statement A
Revenue Ruling 97-39(Section 475-Mark-to-Market Accounting Method for Dealers in Securities)
Rev. Proc.98-46 Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Revenue Ruling 97-39, Mark-to-Market Accounting Method for Dealers in Securities

All Historical Document Collections

201905-1545-014 Approved with change	Revision of a currently approved collection	2019-08-28
201606-1545-016 Approved without change	Extension without change of a currently approved collection	2016-06-30
201302-1545-013 Approved without change	Extension without change of a currently approved collection	2013-04-25
201001-1545-016 Approved without change	Extension without change of a currently approved collection	2010-02-26
200610-1545-038 Approved without change	Extension without change of a currently approved collection	2006-12-18
200311-1545-008 Approved without change	Extension without change of a currently approved collection	2003-11-12
200011-1545-012 Approved without change	Revision of a currently approved collection	2000-11-22
199712-1545-002 Approved without change	Extension without change of a currently approved collection	1997-12-03
199709-1545-004 Approved without change	New collection (Request for a new OMB Control Number)	1997-09-10

OMB Details

Rev. Proc.98-46 Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Revenue Ruling 97-39, Mark-to-Market Accounting Method for Dealers in Securities

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