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Deductions & credits
You are confusing "Professional Trader" who elects MTM under Section 475,
and Day Trader,
who is in the business of trading for a living.
The correct way to file as a Day Trader may appear in one of the myriad threads in this forum on the topic,
but which one is the true one, no one is to know.
Many persons are posting what they made up as the went along, and have convinced themselves it is correct.
March 30, 2021
3:35 PM