I believe if you take the mark to market election, that allows you to claim all trading losses in a single year, instead of having to spread out the losess $3K per year into the future.
If someone was to claim the MTM, then the next year loss -$50K, then the next year loss -$50K and another -$50K for the third year, would it be a wash if on the fourth year they made +$150K?
Any insight or direction would be appreciated.
Thanks
Dominic
If someone was to claim the MTM, then the next year loss -$50K, then the next year loss -$50K and another -$50K for the third year, would it be a wash if on the fourth year they made +$150K?
Any insight or direction would be appreciated.
Thanks
Dominic