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?
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