Taxpayers who wish to utilize the mark-to-market election for their trading activities need to make this election no later than April 15, 2010, to be valid for the 2010 tax year.
It is made by attaching an election statement to your 2009 tax return. If you are filing later than this date with an extension, be sure to attach the statement to the extension so that this election is not missed for 2010 taxes. Many active stock traders come out ahead in taxes by making this election.
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