NexusFi: Find Your Edge


Home Menu

 





questions regarding "mark-to-market" status and possibly it's revocation


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one cory with 2 posts (0 thanks)
    2. looks_two dbarno with 2 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 chris777 with 1 posts (0 thanks)
    1. trending_up 3,890 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 5 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
chris777
Los Angeles, CA/USA
 
Posts: 6 since Dec 2012
Thanks Given: 72
Thanks Received: 0

After sending off the forms for requesting "mark-to-market" status, should I receive word back from the IRS as to whether I was allowed that status or not?

I sent this request a few years ago yet never heard back from them. Now that I want to trade futures only, I'm wondering if I should even bother trying to request that the "mark-to-market" status be revoked. By the way, I requested the MTM status in Texas, but now live in CA. Thanks!


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Hormuz Normalization Collapses to 19.5% -- Iran Regime F …
Prediction Markets & Event Contracts
April FOMC Minutes: Most Divided Fed Since 1992 -- Many …
Traders Hideout
June 15 Peace Odds Surge From 3.6% to 12.25% After Trump …
Prediction Markets & Event Contracts
CPI Eve: Fed Hike Odds Hold at 52% for the First Time, I …
Prediction Markets & Event Contracts
CME Launches Bitcoin Volatility Futures June 1 -- First …
Cryptocurrency
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
NexusFi site changelog and issues/problem reporting
15 thanks
Darmok and Jalad at Tanagra
3 thanks
Big Mike in Ecuador
1 thanks
30 Sessions
1 thanks
  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,099 since Jun 2009
Thanks Given: 877
Thanks Received: 8,098


you dont 'request' you just inform them of your intent to file MM. If you didnt file MM nothing to worry about.


Reply With Quote
  #4 (permalink)
 
dbarno's Avatar
 dbarno 
Madison, Wi
 
Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Trading: CL,GC, HG
Posts: 79 since Jul 2012
Thanks Given: 156
Thanks Received: 82

A good accountant that knows your state and fed requirements can give you a real answer. Was in the same situation a couple of years ago. Why ask traders about tax questions?


Reply With Quote
  #5 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,099 since Jun 2009
Thanks Given: 877
Thanks Received: 8,098

the generic answer "check with your accountant" sounds good but in reality few accountants even know what MM mean.


Reply With Quote
  #6 (permalink)
 
dbarno's Avatar
 dbarno 
Madison, Wi
 
Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Trading: CL,GC, HG
Posts: 79 since Jul 2012
Thanks Given: 156
Thanks Received: 82

Took me a while to find one that knew what they were doing. If you were from Wi. I'd have a great recommendation for you.


Reply With Quote




Last Updated on March 27, 2013


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts