K-1 from echotrade

[oceanwave07]

Anyone aware of not trading the first 31, and last 31 days in year , to qualify for mark to market election? Thankyou

 

[stocksonly]

Great posts, but just as a head's up -
K-1, line 11F does not necessarily go on Sch E.
Many items go on line 11F, including security trader cpital gains that might go on Sch D and security trader dividends that might go on Sch B, for just two examples.



oceanwave07,
The 31 day trick is not part of qualifying for the mark to market election. Rather it is an informal method mentioned on traderstatus.com for a capital gian securities trader to avoid the perils of the wash sale rule, assuming he not only stops trading, but also stops holding any positions too.

 

[EEUT84]

I'm reviving this dead thread to see if anyone has a definitive answer to my question. I do not see Form 4797 (line 10) mentioned anywhere in this thread and that seems to be the area to report "Other Trading Gains/Losses" that were listed on Box 11, Code F on a K-1. Is this the correct path to go versus Schedule E?