Hi ,
note that form 3115 is not required if the 475(f) election is made for the trader's first year of business. REV PROC 2023-24
Any 475(f) elections is being made by 3115, right? I am confused.
Sorry about that could please use years (2023,2024,....) or bring here an example what did you mean. First year is not required to file 3115, so what year it will be required?
Thanks for your help.
