@GeorgeM777 @AmyC
Hello George and Amy,
1.I was wondering as an individual day trader can I use mark to market election on my 1040 return.
2. Also do I need to ask my trading brokerage to use mark to market accounting method in order to use the election?
3. I just recently ask to switch to mark to market election accounting method in September 2023, would that mean that in 2024 return when I use 475f I would just only be able to get the loss from September 2023 to December 2023 or how can I get that effect for the whole year 2023 because I was not aware of the 475f election.
Thank you so much and I am looking forward to hearing from you soon.
