Solved: Day Trading s-corp Taxes

Hi guys,

I have an S-corp registered for a few years, but i have incurred significant losses day trading. I have not elected MTM.

Would I still be able to treat the losses as ordinary under the s-corp?

posted

Can't treat the losses as ordinary without an MTM election.

Yes, what martinmarks advised is correct. Please read this IRS link for more specific details.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Day Trading s-corp Taxes