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I believe I made the wrong trader/investor selection when filing 2022 taxes. Is there a way to change status for 2023 to do mark to market accounting on gains/losses?

In 2023, I started day trading full-time, and so it would be best for me to use mark to market accounting, however I didn't make the change by 4/15. Is there a way to correct this? I read online about "9100 relief" but that seems to cost over 10,000 with an uncertain outcome. Thank you!
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2 Replies

I believe I made the wrong trader/investor selection when filing 2022 taxes. Is there a way to change status for 2023 to do mark to market accounting on gains/losses?

Sorry ... too late to make the election for the 2023 return ... try again next year. 

I believe I made the wrong trader/investor selection when filing 2022 taxes. Is there a way to change status for 2023 to do mark to market accounting on gains/losses?

@ruesterholz  A taxpayer requested a private letter ruling  trying to make a late 475(f) election using REG SEC 301.9100. It was denied. here's the link 

https://www.irs.gov/pub/irs-wd/202037007.pdf 

In my opinion, based on what it says, if you requested it, I believe that you too would be denied.  If you think that your situation is different find a tax pro and get their opinion. 

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