I am stuck on same situation. But after reading the thread, it seems indicating while making this election, you would opt for having that part of income to get taxed higher rate in order to be able to offset it with margin interest cost. Doesn't seem optimal to me.
And since the SALT 10K limit, I had to opt for standard deduction which seems whatever 4952 line 8 comes out of, I won't be able to take advantages. So gonna just keep it around until later when I have some short-term income or itemize > standard. My 2 cents and let me know if I got it wrong.
