Thanks, but I think I received some information that were not my answer by the way they were useful. I do not know who can help me please. Please answer me by the each question one by one please.
1-What can I do, if I have a big loss and did not make timely election I mean can I take this loss on 2024 tax return instead of 2023 tax return since I did not file form 3115 on 2022 tax return?
2- When you are talking making a election: In addition to making the election, you'll also be required to file a Form 3115, what do you mean? To filling form 3115 is not enough? what is different making election and filling form 3115? Election vs 3115!!!!!
3- I am an induvial not a company how can I file Mark to mark election? Is filling 3115 enough?
4- I am going to form my S-Corp, what about in this situation?
5- Can the loss of trader carryover to the next year, if no income to cover it?
6- Can be a person or a business in contemporaneously investor and traders?
7- Please give me an example of the year ( for instance we are on Dec 6 2023) for this part: Under that revenue procedure, the request for revocation must be filed by the original due date of the return (without regard to extensions) for the taxable year preceding the year of change (the year of change is the first taxable year the revocation is to be effective)
8- Should I attach something to main form, 3115 of this election?
9- Can I e-file by TT or should I use a new software?
10- Do you have a link show how to file 3115? Since it does have some area that I need a help.
11- When I consider on Sch C all my expenses (no commission... ... ) what would be my business code ?
12- When talking about $25000 deposit, you mean this amount should be remained like a certificate of Deposit; CD deposit? What was $15000?
Thanks a lot
