Taxes and electing MtM

Discussion in 'Trading' started by p2, Feb 22, 2001.

  1. p2


    I was reading some of the older threads regarding electing Mark-to-Market. I was wondering what people would recommend.

    Is is adequate to elect Mark-to-Market status or is it better to form a Sub-S Corp which has elected Mark-to-Market? Unfortunatedly, my current tax accountant is not versed on the differences.

    I've been reading about this topic at other web sites but most of these sites appear to be accounting firms trying to sell services.

    Any help would be appreciated.

  2. white17


    P2; I can't address the S-corp issue but I elected MTM three years ago and am very glad I did.

  3. bro59


    White - Did you elect for yourself or for a trading entity?
  4. white17


    For Myself