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You have until April 15, 2019 to file a section 475(f) election for tax year.
Please read this IRS document: https://www.irs.gov/taxtopics/tc429
You can send the election to the IRS at the address where you mail your return. Choose the without payment address.
For addresses, please see: https://www.irs.gov/filing/where-to-file-paper-tax-returns-with-or-without-a-payment
Thank you for your very informative email. Do you know whether TurboTax supports the MTM accounting method for trading after the MTM election is made? I made the election for the 2018 tax year outside of TurboTax but would like to return to TurboTax this year. Thank you for your help!
Use TurboTax Deluxe CD/download to report Professional Trader Status.
there's no special computations to be done for the accounting.
On Schedule C you can put accounting method other : Mark-to-Market.
I suspect this is optional since it won't change anything.
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