So, your CPA might advise you to elect mark-to-market (MTM). But what he doesn’t mention that there is a large user fee (currently more than $13,000!) to terminate a MTM before the 5 year commitment is complete.
No one is perfect and we can’t always cover all of the pros and cons. However, knowing a 475 election is for a 5 year term is important.
We can help you navigate the complicated world of day trader taxes.
Day Traders Taxes LLC
1760 W 2100 S #27052, Salt Lake City, UT 84127
Phone: 801-747-5760 | Email: info@daytraderstaxes.com
DISCLAIMER: Nothing provided by DTT or contained herein constitutes legal, insurance or investment advice. DTT also advises its customers to seek professional advice for any financial strategies undertaken by the customer. All financial strategies involve a degree of risk, including the risk of loss, audit, and/or reclassifications of income, gains or losses. The financial strategies and broad themes discussed with DTT may not work for some parties depending on their specific circumstances, financial objectives and/or financial situation. Information provided by DTT has been obtained from sources believed by DTT to be reliable, but not guaranteed. You should note that all financial services are provided "as is" without any express or implied warranties. No part of DTT’s materials or products may be reproduced in any form, or referred to in any other publication, without express written permission from DTT. You acknowledge and accept the potential risks associated with the financial advice and information provided by DTT. Views represented by DTT and the understanding of financial or tax strategies are subject to change by governmental and/or regulatory agencies. DTT does not undertake to advise you of any changes in the opinions or views expressed by DTT.
By using DTT services, including its website, you acknowledge that you have read and understand the foregoing disclaimers and release DTT and its affiliates, members, officers, employees and agents from any and all liability whatsoever relating to your use of the financial or accounting strategies, information or the DTT website.
Day Traders Taxes LLC is a Utah limited liability company, entity number 13429329-0160. Tax returns are prepared by preparers holding current IRS Preparer Tax Identification Numbers.
Tax outcomes depend on your individual circumstances, the accuracy and completeness of the information you provide, and applicable law at the time of filing. Nothing on this website is a guarantee of any particular tax result, refund amount or saving. Past results described on this site are specific to those clients and are not a prediction of your outcome.
Information on this website is general in nature and is not tax, legal, accounting or investment advice. It does not create a client relationship. A client relationship begins only when we have both signed an engagement letter.
Day Traders Taxes LLC is a private tax services firm. We are not affiliated with, endorsed by, or acting on behalf of the Internal Revenue Service or any government agency.
This site is not part of, endorsed by, or affiliated with any social media or advertising platform, including Meta Platforms, Inc., Google LLC, LinkedIn Corporation and OpenAI.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used on this site are for identification purposes only. Use of these names does not imply endorsement or affiliation.
© Copyright 2026 by Day Traders Taxes LLC | All Rights Reserved
