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?

I think in Ryan's webinar he addressed that question:

Webinar: Tax Strategies for Traders w/Ryan Curran Hi guys, It is my pleasure to welcome Ryan Curran, Principal of Curran LLP, for a Tax Strategy webinar on Tuesday, March 10th @ 4:30PM Eastern US. This webinar is sponsored by Stage 5 Trading's FuturesTrader71 and Stage5 Anthony. I asked them …

Please use the tax thread:

The Tax Thread I thought we could use a thread devoted to Taxes. This is all things taxes regarding trading. One example, Advantages/disadvantages for different situations (equities, futures, forex, etc) as well as benefits of filing sole-proprietor vs LLC or as a …

Mike