Hi ColeenD3,
Thanks for kind reply. However, I am referring ordinary gain/loss here, not capital gain/loss.
Because I made 475f MTM selection in 2021, the capital gain/loss in 2021 become ordinary gain/loss.
my question is that can I carry this ordinary loss made in 2021 (no longer considered as capital loss for tax purpose due to 475f selection) back to 2020 (in 2020, did not make 475f selection )?
Thanks in advance for help,
Lucy
