Interactive Brokers Support is on vacation

Discussion in 'Retail Brokers' started by jsmith, Mar 4, 2014.

  1. jsmith


    I finally got an update to the ticket. It turns out the discrepancy is being caused by wash sales.

    I elected Mark-to-Market Accounting (Section 475(f) election) back in 2001. Since all positions marked to market at year end, there are no wash sales to calculate or report to the IRS. I need IB to calculate my trades/taxes based on this MTM accounting election.

    Can someone please tell me where in the IB menu can I update this election so they calculate my taxes based on it?

    IB talks about it here but I can't see where to update it for my account.

    #11     Mar 6, 2014