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MTM election Question
I a a day trader, and when I filed my 2022 taxes in April, I attached the request for change my accounting method to MTM according to IRS code 475(f). I was told that my brokerage account needs a letter from the IRS stating that they allowed the change in the accounting method. Is this true? And If so, how do I get this letter since the IRS has not acknowledged the receipt of the letter?
‎December 13, 2023
6:03 AM