IRS form 3115 , properly executed

Discussion in 'Professional Trading' started by stock777, Jul 13, 2003.

  1. Getting ready to finish 2002 taxes (took the extention).

    I have Tessers Book (Taders Tax Guide) and the example he gives of a filled in 3115 (Change of accounting- for mark to market) has some annoying errors and is a bit sketchy in some key areas.

    I don't feel like paying someone $250 dollars or more to fill in a form that takes about 15 seconds when you have done it before. Yeah, I know, cheapskate.

    Whould someone like to share a properly completed 3115 ?
     
  2. nkhoi

    nkhoi

    you miss the cut off date if you did not declare mark-to-market last year or create a new entity to file tax by 15th of Feb 2003.
     
  3. Nope. I filed the election with my 2001 return as required.

    Now its time to actually file the 3115. Its a two step process.


    Thanks for asking.
     
  4. I guess no one files mark to market on Elite.
     
  5. nkhoi

    nkhoi

    How can you change the status back to trader for next year after filing as MTM this year.