@fanfare Hi. Thank you. When you say "the topic discusses this", what are you referring to? Also, I know you can be a sole proprietor with TTS and MTM, I've read that it's easier to form an LLC because if you choose to discontinue MTM, then you can simply stop using the LLC. Whereas if it's individual, you have to ask the IRS to formally revoke and change the MTM vs realized gains.
Also, to elect MTM for 2017, can you link me to the topic research please?
I was under the impression that during my 2016 tax filing (in April 2017), i'd have had to attach a note which would make me eligible for TTS with MTM for the 2017 tax year and then, when filing the 2017 taxes, in April 2018, i'd have to include a Form 3115.
Thoughts?
