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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: bruce bell who wrote (1927)2/24/1999 12:21:00 PM
From: Colin Cody  Read Replies (2) | Respond to of 5810
 
YES, Generally if you elect MTM during 1998 you may be required to show SOME gains and losses (more so losses) over the years 1998, 1999, 2000 & 2001.

The MTM election is not to be taken lightly. It is an irrevocable election and it can have serious effects on some taxpayers (and little or no effect on others!)

Colin Cody, CPA