topic Amend 2019 return to elect mark-to-market accounting method in After you file https://ttlc.intuit.com/community/after-you-file/discussion/amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702649#M436942 <P>Filed my 2019 return in April and now I want to change the accounting method for day-trading to Mark-to-market due to expected losses for 2020.</P><P>&nbsp;</P><P>Can I file an amended return just for this?&nbsp;</P><P>&nbsp;</P><P>Thanks.</P> Sun, 02 Aug 2020 07:32:34 GMT wenbozhu2020 2020-08-02T07:32:34Z Amend 2019 return to elect mark-to-market accounting method https://ttlc.intuit.com/community/after-you-file/discussion/amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702649#M436942 <P>Filed my 2019 return in April and now I want to change the accounting method for day-trading to Mark-to-market due to expected losses for 2020.</P><P>&nbsp;</P><P>Can I file an amended return just for this?&nbsp;</P><P>&nbsp;</P><P>Thanks.</P> Sun, 02 Aug 2020 07:32:34 GMT https://ttlc.intuit.com/community/after-you-file/discussion/amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702649#M436942 wenbozhu2020 2020-08-02T07:32:34Z Re: Amend 2019 return to elect mark-to-market accounting method https://ttlc.intuit.com/community/after-you-file/discussion/re-amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702679#M436960 <P><EM>A trader must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective....</EM></P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/taxtopics/tc429" target="_blank">https://www.irs.gov/taxtopics/tc429</A></P> <P>&nbsp;</P> <P>See also&nbsp;<A href="https://www.journalofaccountancy.com/issues/2014/jul/sec-475-election-20149537.html" target="_blank">https://www.journalofaccountancy.com/issues/2014/jul/sec-475-election-20149537.html</A></P> Sun, 02 Aug 2020 13:50:21 GMT https://ttlc.intuit.com/community/after-you-file/discussion/re-amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702679#M436960 tagteam 2020-08-02T13:50:21Z
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topic Amend 2019 return to elect mark-to-market accounting method in After you file
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<P>Filed my 2019 return in April and now I want to change the accounting method for day-trading to Mark-to-market due to expected losses for 2020.</P><P>&nbsp;</P><P>Can I file an amended return just for this?&nbsp;</P><P>&nbsp;</P><P>Thanks.</P>
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Amend 2019 return to elect mark-to-market accounting method
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https://ttlc.intuit.com/community/after-you-file/discussion/amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702649#M436942
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<P>Filed my 2019 return in April and now I want to change the accounting method for day-trading to Mark-to-market due to expected losses for 2020.</P><P>&nbsp;</P><P>Can I file an amended return just for this?&nbsp;</P><P>&nbsp;</P><P>Thanks.</P>
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Re: Amend 2019 return to elect mark-to-market accounting method
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https://ttlc.intuit.com/community/after-you-file/discussion/re-amend-2019-return-to-elect-mark-to-market-accounting-method/01/1702679#M436960
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<P><EM>A trader must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective....</EM></P> <P>&nbsp;</P> <P>See&nbsp;<A href="https://www.irs.gov/taxtopics/tc429" target="_blank">https://www.irs.gov/taxtopics/tc429</A></P> <P>&nbsp;</P> <P>See also&nbsp;<A href="https://www.journalofaccountancy.com/issues/2014/jul/sec-475-election-20149537.html" target="_blank">https://www.journalofaccountancy.com/issues/2014/jul/sec-475-election-20149537.html</A></P>
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