to late to make M-T=-M election for 2020 had to be done with timely filed (by 7/15/2020) 2019 return.
using the M-T-M election there are no wash sales since the securities held a t year end are repriced to market value. before deciding to make the 475(f) election you should sit down with a pro to determine if it' produces lower taxes and whether you qualify. just because you do day trading doesn't mean you would meet the IRS criteria.
