Re: Mark-to-Market question

> 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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nickra
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