Trader status does not require mark to market. Mart to market is an available option to accelerate losses on paper. If you have paper gains, you would not want to elect mark to market, but trader status is still available. The advantage of trader status is that you can deduct valid investing expernses against your investing gains. All of your courses, data feeds, software expenses would be deductable in the year they were incurred. Without trader status, you would be able to deduct these only after 2% of your adjusted wages were exceded.
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The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
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