Mark to market tax election
I have more than 1.2 million of accumulated losses over past 7 years from trading stock market, I am awake that I can only deduct 3000 from my ordinary income. My question, if I elect to be taxed as mark to market can I deduct the entire loss or more than 3000 from my ordinary income in one year. I trade everyday but I have W2 from somewhere else too
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