K kooltrader Apr 10, 2006 #1 If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005? Thanks
If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005? Thanks
F Free Thinker Apr 10, 2006 #2 Quote from kooltrader: If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005? Thanks More... no
Quote from kooltrader: If I elected last year (for the tax year of 2004 actually) for MTM accounting type, do I have to elect again for 2005? Thanks More... no
Q QQQShort Apr 10, 2006 #3 Vhehn is correct. The election is permanent, unless you get permission from the IRS to revoke it.
