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Get your taxes done using TurboTax
most persons I see on this forum who want to go MTM
- don't understand the concept and what is involved, nor how to file their tax return.
- don't meet the stringent qualifications for Professional Trader Status.
- will be audited and have their election overturned by IRS.
You can file as a Day Trader without making the MTM election.
Even that is hard to qualify for and will probably trigger an audit.
March 6, 2021
4:39 AM