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Investors & landlords
You have to apply for MTM accounting a year in advance .
When your MTM accounting takes effect you lose any Long Term Holding periods. All stock trades are ordinary income.
If you want to invest Long Term, you'd better set up a separate broker account for that exclusively and move those holdings over.
			
    
	
		
		
		‎January 4, 2022
	
		
		3:50 PM