Amend 2019 return to elect mark-to-market accounting method
Filed my 2019 return in April and now I want to change the accounting method for day-trading to Mark-to-market due to expected losses for 2020.
Can I file an amended return just for this?
Thanks.
011398
1 Best answer
Anonymous_
Level 15
Aug 2, 2020 6:50:21 AM
A trader must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective....
A trader must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective....