Hi Mike. I am confused please please give me simple explanation I think you want to tell me what is the different between 3115 and MTM.
I want to start day trading as of 1/1/2024 , should I file 3115 through my 2023 tax return? Yes or No.
If I have had a loss $10000 for day trading in 2023; and never filed 3115, never made any election what can I do when I want to file 2023 tax return?
Could you please explain it what is different making election, 3115 , MTM ? I am confused and I lost my way in all of this words you replied.
