1099 and long/short term capital gains

[nazatunited]

I've come across long and short term capital gains bracket posted on your website. Can I assume it applies to me without obtaining the TTS status? I am 1099 and I trade stocks

[Anonymous_]

Yes, the brackets are applicable to you even without Trader Status, which would only allow you to deduct certain business expenses related to trading.

That would change, however, if you make a MTM election.

See https://www.irs.gov/taxtopics/tc429