Mark-to-Market Accounting for Stock Trading Accounts

Mark-to-Market Accounting for Stock Investment Accounts:

• When electing mark-to-market accounting, will this change be effective for all of my stock investment accounts, or is it possible to selectively apply MTM to a trading account while keeping a separate investment account without MTM accounting?

Transferability of MTM Election to a Newly Created LLC:

• Once MTM is elected in my personal name, is it permissible to transfer this election to a newly created Limited Liability Company (LLC)? If so, what are the implications and procedures for such a transfer?

Optimal Approach: Personal vs. LLC Election for MTM:

• Would it be more advantageous to open an LLC and elect MTM solely for the LLC, considering potential tax benefits or other advantages compared to a personal MTM election?

Using Personal Trading History for TTS Qualification under an LLC:

• Assuming operation under the newly opened LLC, if I elect MTM, can I leverage my personal trading history to qualify for Trader Tax Status (TTS) and subsequently be eligible to elect MTM for the LLC?