If I elect myself as a Trader Tax Status, wash sales will be ok for 2018?

Sorry about my bad English!

I think I qualify as TTS. I have so far this year 600 trades. I am in the green, no losses so far.
I have a lot of wash sales.
If I elect TTS, the wash sales will not count for 2018? I do my taxes with Turbo tax. How would my broker know my TTS?
Thanks

 

Assuming you filed for MTM with the IRS.
File a MTM form with your broker, so thy know to file the correct 1099.

 

Wouldn't he have had to file that last year for it to be effective in 2018?

 

I think I can still elect to be Trader Status by next April 17th for the 2018? I am not sure.

 

I thought before you file your 2017 taxes, but you should consult an expert.
https://greentradertax.com/trader-tax-center/trader-tax-status/

 

http://traderstatus.com/traders/f-a-q/f-a-q-5/

 

Normally it is REQUIRED to be filed by the tax due date (not including extensions) for the previous tax year. In 2018, that date WAS April 18.

One exception I am aware of is for a first time taxpayer, such as an newly formed entity, in which case the MTM election is due within 75 days of inception. There may be other exceptions and/or remedies. Seek professional advise.

 

you mean for tax year 2018?