Is it worth it to file for TTS status in general? I heard once you select it, it is hard to go back. Is the main benefit taking more than a 3k loss deduction? Not sure how much you can deduct for business expenses since I do not spend that much money on software or education. The last 4 years I have averaged low six figures profit (low 100s). I know I will qualify since I spent over $80k in commissions yearly and daytrade a lot daily.