Hello all, Making a lot of money through short term options trading and I've gone well over my tax bracket. Expecting roughly $130,000-$150,000 after losses in 2018 so I need to do some tax planning for the future. Looking at the IRS requirements I do not think I would pass their requirement for "trader" status. I trade short term options that are almost always kept open for over a week and some days I do not trade at all as I do not force moves. Looks like IRS is looking for a literal day trader which is not me. I would like to however benefit from the elimination of the wash rule and the annual 3,000 capital loss. Seems like the mark to market election (which is an option for those that have "trader" status) does that by converting capital gains and losses into ordinary income. If I understand this correctly this means that ALL of my short term losses can be netted against ALL my short term gains, regardless off wash rules. Sounds great to me. Reading online it sounds like forming an entity is an easy way to obtain trader status since I cannot get it at the personal level due to my style of trading. The question is can a single member LLC which is viewed by the IRS as a "disregarded entity" choose mark to market and will it be honored by the IRS? Reading online it sounds like a "disregarded entity" is completely ignored by the IRS for tax purposes, making me wonder if an SMLLC that elects mark to market is honored. If it is not honored by an SMLLC do I have to do a non single member LLC or choose an SMLLC but choose to be taxed as say an S-corp (I believe an SMLLC that chooses to be taxed as an S-Corp is not viewed by the IRS as a "disregarded entity." However, an S-Corp complicates things and it also has a 1.5% tax here in California so I'd like to stay away). My head is spinning from reading about this topic (so much ambiguous info out there). Any insight or help is greatly appreciated.