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 Moderator

    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 Moderator

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