trader tax status, forming entity now with Green trader tax

Discussion in 'Taxes and Accounting' started by oceanwave07, Jul 21, 2011.

  1. who has used them recently for trader tax staus, and trading entity
  2. Regards. New entities can elect Section 475 MTM within 75 days of inception. So you can form a new entity later in the year to elect MTM after 4/15 the election date for individuals and existing partnerships. But, the entity MTM election only applies to trading in the entity, not individual trading, including from before you formed the new entity.