Business & farm

Thank you for the reply, but I felt like that focused on electing section 475 as a person. I established an LLC in December of 2020, and I wanted to know if I have to elect section 475 for my LLC specifically in order to claim ordinary losses or if I can record my costs and losses and not be disenfranchised by the wash-sale rule.

 

@ColeenD3 do you know by chance?