ilmscore | Trader Tax Predictions
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Trader Tax

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Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A trader will never incur wash sales once they make a Mark-to-Market election, even if trading the same stock daily.
"you could trade the same stock every day for years and years and years and you will never have a was..."
Ross Cameron - Warrior Trading Ross Cameron - ...
Jan 20, 2025
Pending
Don't Miss the Trade...
A trader can write off an unlimited amount of trading losses against ordinary income and carry forward losses once they make a Mark-to-Market election, removing the $3,000 capital loss limit.
"you can write off an unlimited amount of loss against your income you're no longer limited to $3,000..."
Ross Cameron - Warrior Trading Ross Cameron - ...
Jan 20, 2025
Pending
Don't Miss the Trade...
Missing the April 15th deadline for Mark-to-Market election means a trader will still be subject to wash sales for that tax year; a late filing will only take effect in the subsequent tax year.
"if you don't get it in by the April 15th deadline then you've got to be thinking about wash sales fo..."
Ross Cameron - Warrior Trading Ross Cameron - ...
Jan 20, 2025
Pending
Don't Miss the Trade...