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if you are a day trader, you can apply for "day trader status."and after that, you will be viewed as elect mark-to-market accounting, that means your losses are treated as ordinary loss

sounds not completely right, if you sell at a loss, just within 30 days prior to or after you sell at a loss, sometimes the initial time don't reset..

If you are a day-trader, you can mark to maket your open trades at year end, With the MTM election in effect, the stock held on the last day of the year is deemed sold on that date. Now the trade remained open from last year, which depends. If you hold it for more than 1 year, this will be...

As for your case, Use Form 6781 to report gains and losses from section 1256 contracts and straddles before entering these amounts on Schedule D. Include a copy of Form 6781 with your income tax return.

I used TradeMax to track Think or Swim option trades and very easy-to-use, worth a try!

I think TradeMax meets all your demands you mentioned. 1. It can import trade data directly from your online broker by enter your account name and passowrd in TradeMax. 2. From the trade grid, you can monitor your trade perfomance that help u make more appropriate investment. 3...

If you sold stocks at a loss and then repurchased same stocks within 30 days, the wash sale occurred.

Actually, the results calculated by IB is not accurate which doesn't take wash sale calculation into account, if you buy and sell stocks several times, the wash sale occurred, and the disallowed wash sale will add to the cost basis when u repurchase the same stock. I think a lot of software...

According to what you said above, MTM is not a good choice. So another better way to avoid wash sale is not to repurchase same stock within 30 days. :)

* If you buy identical shares within 30 days, but they¡¯re not replacement shares, it¡¯s not a wash sale. * You¡¯ll have to follow mechanical rules to handle a situation where you don't buy exactly the same number of shares you sold, or where you buy and sell multiple lots of shares...

It's hard to say how to avoid wash sale due to your investment decision. Two Ways to Avoid Wash Sales If you make hundreds or thousands of trades each year, it¡¯s nearly impossible to comply with wash sale record keeping rules. But active traders have several ways to eliminate this...

If you repurchase the same stock within 30 days , the wash sale will occur.