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Does Mark to market election under sec 475 for first time for 2019 prevent me from e-filing for 2018?
I understand that TurboTax does not support making the MTM election so you will have to paper file your 2018 return. How about this? Why can't I just e file my entire 2018 tax return. Then separately simply mail the election using form 8453. Kinda like the situation here: https://ttlc.intuit.com/questions/4400974-i-have-already-filed-my-2017-return-but-want-to-make-a-mar...
Is that okay to do?
‎April 13, 2019
9:48 AM