Hi Everyone, I have trader tax status (TTS) and promptly did my 475 election in the past. Does anyone know which IRS form I should fill out, in...
After you tell/apply to IRS that you want MTM accounting, do they ever reply to you that your application is successful or not? Or, you are in the...
Forgot to mention that, I decided to trust the 1099 form my broker gave me. I do not want to do any further calculation/correction. So probably...
I am a trader. When filing taxes, I used to use Turbotax to import my 1099 from the clearing firm. This year is different for me. I have...
vanzandt, Would you say if I do this, it will also be permitted? Let's say I accumulated $7500 in a day, and desperately want to get rid of all...
Thanks everyone for the input. I am well aware of the relevant definitions and regulations. The issue is, in reality, how they are normally...
That's not true at all. Even if I have one billion, thanks to various regulations and rules, I still can not trade unlimited in terms of amount....
Yes as I initially stated, the account is above 25K.
To vanzandt: Thanks for catching the contradiction. I have $5k DTBP (but not $25k x 4=100k), for example, usually because I also have other...
Thanks, but I am not asking about how to count the "number of day trades" or round-trip trades. I think I know how to count that. I am asking how...
Hi, I'd like to learn more about day trade call. I have day traded a number of times (buy and then one sell once in a day), but I believe by...
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