I filed my taxes in 2021 mark to market. After a large loss in January and February I switched brokers and did not trade as frequently. The rest of the year I would not qualify for daytrader status and wouldn't be able to use the mar to market accounting. Should I leave my new brokerage account or do I change it to mark to market even though my trading was not significant like the beginning of the year. I understand I can revoke the status this year but just trying to figure out about suspending the status for the later part of last year. I wouldn't want to be audited and get in trouble for not qualifying.Thanks in advance
Leave a Reply