Recent content by Kubera

Thanks to everyone for the advice. I found the answers on the web.

I meet all the criteria and have for years. This is the first time I've had a loss for the year and my question is what I have to do to be able to deduct the entire loss in the future as opposed to deducting $3,000 a year which would be the case if I was not filing as a patterned day trader.

I'm a patterned day trader...file as a "Trader in Securities." Last year I had a substantial loss. I don't want to be restricted to a $3000 per year deduction. What do I need to do to get mark to market tax treatment so that I can use my entire loss to avoid paying taxes on future profits. Is...