@Anonymous_ Yes you nailed it. I did this because I was led to believe that I could not elect a late 475 election with a Sole Proprietorship. I began trading in mid November after a job loss. However, having created the entity I am still in a bit of a quandary. I am having trouble getting the business application through my broker. It's submitted yet everything is still in an investment account for transactions prior to November. Am I stuck with these trades all being investments or is there a way to split things out that you know of?
