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Hold on! What if I only decided to start trading as a sole proprietor after April 15th?

April 26, 2017april 15 decided hold proprietor sole TH trading

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Hold on! What if I only decided to start trading as a sole proprietor after April 15th?

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Then you may file under Trader Status and take all the deductions allowed against your income. But you may not use the mark-to-market method for this, your first calendar year of trading, unless you somehow had the foresight to file the mark-to-market election with the IRS by April 15th.