Thank you for the response. I am aware of the qualifications and restrictions and qualify, I just haven't yet done it, so 2022 will be the first year it can benefit me. My question is about 2021 tax year, which was missed in this reply. I am assuming that making the MTM would require the the schedule C to be filed this year. Since I've already prepared most of my taxes with the disallowed wash sales on my individual taxes, I see no benefit to reworking all that for THIS year, since I wouldn't realize any advantage. My intent is to not "start" the business until 12/31/21, claim MTM for that, but I would have 0 profit/loss with no trades. Handle it like a normal business for 2022. Are there any problems that anybody sees with doing this?
