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Mark to Market Accounting / family accounts
Started:March 24th, 2015 (12:12 PM) by Nervous Cat Views / Replies:360 / 2
Last Reply:March 24th, 2015 (12:20 PM) Attachments:0

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Mark to Market Accounting / family accounts

Old March 24th, 2015, 12:12 PM   #1 (permalink)
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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?


Old March 24th, 2015, 12:20 PM   #3 (permalink)
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