HI, Thanks for the link. I've already read the article. If you, as a trader, make the mark-to-market election, you claim income from trades on the 4797, there is no wash sale allowance, there are deemed sales as of 12/31 of ea. yr and expenses on the Sch C. If no mark-to-market election, then trades on Sch D, limited to $3000 total loss/yr and expenses on Sch C. We're still back to the same question. No Sch C income.
