I've been trading about 6 months now. I have a question about tax which is 35% of our profits. Here's the example Lets say you made $50,000 and loss $30,000 for the year That means you made a profit of $20,000 But based on wash sale rule, you have to pay 35% based on your gains which is $50,000 x 35% = $17,500 Which you will end up making $20,000-$17,500 =$2,500 But if you elected Mark to Market Election, you will pay tax on your profits only which will be $20,000 x 35% = $7,000 So you end up making a profit of $20,000-$7,000 = $13,000 So my question is, Any experience trader here elect the Mark to Market Election? (Schedule D) Because the wash sale rule really eats up all our profits.