Day Trading s-corp Taxes

danchung85 · ‎January 2, 2022

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?

M-MTax · ‎January 2, 2022

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

M-MTax · ‎January 2, 2022

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

DaveF1006 · ‎January 4, 2022

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

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