The following link seems to be saying it's the same trade (see specifically the summary chart)...
http://www.desktoplawyer.net/dtl/index.cfm?event=base:article&node=A76058B76058D76528
Filing tax return as Trader Status and Mark to Market Election
- Thread starter Bolimomo
- Start date
The following link seems to be saying it's the same trade (see specifically the summary chart)...
http://www.desktoplawyer.net/dtl/index.cfm?event=base:article&node=A76058B76058D76528
Can you bring anything to prove this?
(Note: it seems what I found may be UK information)
why should i do the work to "prove"it?
No need. But where do you get the info?
OK. Tax Time.
I need to change my status for equity trading to M2M for the upcoming year (2011). I know I need to do this by 4/15 when I file my taxes (or 3/15 if I am not subject to filing this year). Is there a specific form I need to file with the IRS to make this election or just standard notarized letter as indicated in this link:
http://www.fairmark.com/traders/mtmelec1.htm
Also, how to you emphasize you only want this for equities and not futures or forex (or I would lose the 60/40 treatment they get)?
Thx.
I need to change my status for equity trading to M2M for the upcoming year (2011). I know I need to do this by 4/15 when I file my taxes (or 3/15 if I am not subject to filing this year). Is there a specific form I need to file with the IRS to make this election or just standard notarized letter as indicated in this link:
http://www.fairmark.com/traders/mtmelec1.htm
Also, how to you emphasize you only want this for equities and not futures or forex (or I would lose the 60/40 treatment they get)?
Thx.
In this presentation it says you can elect for "securities only". So yeah I just used the Fairmark language and added a line, for securities only and not 1256 contracts. Not saying this is correct but that was years ago and no problem so far
http://docs.hamzeianalytics.com/SR_120810_Slides.pdf