MTM question

Discussion in 'Professional Trading' started by kooltrader, Apr 10, 2006.

  1. If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005?

  2. no
  3. Vhehn is correct. The election is permanent, unless you get permission from the IRS to revoke it.
  4. Thanks both.