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Level 2

Question

Mark To Market Election

Forum|Forum|5 years ago
March 20, 2021
1 reply
1 view

Hi,

How I can submit my Mark To Market election if I efile my 2020 return?

Thanks,

Level 15

You can make the election by attaching a statement either to your income tax return if filed without an extension or to a request for an extension of time to file your return.

See https://www.irs.gov/taxtopics/tc429

See also https://ttlc.intuit.com/community/taxes/discussion/day-trading-taxes/00/1194031

hc5714900Author

Level 2

Thank you for the prompt respond, but my question was related to electronic filing, if I do that, should I just send the election to the IRS by mail or a copy of my tax return with the election attached?

Level 15

A copy of your tax return with the election (by the due date, obviously).