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 lossQuote from cybercash28:
Thanks Sdiegotrader.
Yes, I understand the wash sales rules. I just want to eliminate the 30 days loss rule. Too complex since I trade daily.
I have been searching the internet and learninhg.
I live in Orange County. Are you in SD?