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Day Trading: Mark-to-Market 475(f) Election?

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Rrrracer View Post
Glad to find this thread, as the topic has been on my mind ('tis the season )

@SMCJB, if I may ask, did you form an LLC or S-Corp, and why?

I have an LLC which we switched to an S-Corp last year. It's a management company though, not a trading company. I'm not sure how it all works (I'm a trader not an accountant) but it enables me to have a defined benefit pension plan, which enables me to defer a lot of tax's, among other things.

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