Re: Mark-to-Market question

Jun 06, 2007 0 Replies


> I want to take MTM for one account jointly held with my wife


>> -- but keep our other jointly and single held accounts the
>> standard accounting method, what ever that is called. Can I
>> do this? Or is it all or nothing for both of us?
> It's probably nothing. The mark to market election is
> available only for taxpayers who qualify as "traders."
> Traders are people who are in the trade or business of
> buying and selling stocks for their own account in an effort
> to time short term market swings, not make longer term
> investments.

I qualify as a trader; my wife does not. Can a joint account be selected as mark to market?



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