Business & farm

Hi Mike, I think you can help. I want to file 3115 timely to become day trader and opt in MTM but let me know

for a day trader what would be line 13 part ll as an individual.  If yes, is answer should file Sch A on part l , what would be Present method and Proposed method?

And what is the answer of line 5 part l on Sch A as well? 

If I want to file 3115 with my tax return, should mail it a duplicate to IRS? 

 

Thanks a lot