@allednam wrote:
Looking for any advice per not having Elected in May 2021 to be considered as a Day Trader for tax
year 2021. Just plainly forgot!
This will not even be cold comfort, unfortunately.
A trader must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective.
See Topic No. 429 Traders in Securities (Information for Form 1040 or 1040-SR Filers) | Internal Revenue...
On the off chance that you are referring merely to "trader status", you do not need to make an election for that.
