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I became a DayTrader for 2021 with 475(f) MTM opted. I want to stop day trading now. Will IRS allow my losses as ordinary losses if i traded for 9 months only?
Due to losses I want to stop day trading now. Will I still qualify for the Trader status with MTM for year 2021 while filing 4797 if i traded for 9 months only? Is 9 months long enough for IRS to qualify me as day trader?
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‎September 11, 2021
12:06 PM