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amilian writes (in part):

I'd still like to elect for MTM accounting for this year. What should I do? Must I write to the IRS? In these circumstances will my 'election' still be accepted as valid for the current year? Or will I fall victim to wash sale rules and 3k limit on losses?

I reply:

Welcome to the board! The best source for answers to questions involving traders is probably , which is administered by Kaye A. Thomas, a tax attorney. Good luck! --Bob
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