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Mark to Market Accounting / family accounts
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Mark to Market Accounting / family accounts

  #1 (permalink)
Trading Apprentice
san francisco Ca USA
Futures Experience: Advanced
Platform: Multi Charts
Favorite Futures: YM, ES, SPY, Forex
Nervous Cat's Avatar
Posts: 5 since Jun 2013
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Mark to Market Accounting / family accounts

This is mark to market accounting tax question mostly.

I am a full time trader under my Sole Proprietorship. My accountant suggested I convert to Mark to Market accounting for 2014, which I did.

I am married and manage my two Short Term trading accounts, my one Long Term (1yr +) account and my wife's Long Term holding account.

Today my accountant tells me that all my accounts will be treated as Mark to Market. Even my wife ( we file jointly). Does this should right? My wife is not a trader. Is anyone else in this situaltion?

  #2 (permalink)
Elite Member
columbus, oh
Futures Experience: Intermediate
Platform: sierrachart
Posts: 25 since Jan 2010
Thanks: 581 given, 51 received

i'm no accountant...but

I think in Ryan's webinar he addressed that question:

  #3 (permalink)
Site Administrator
Manta, Ecuador
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Please use the tax thread:


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