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Question 1 of 50. An active trader who makes the mark-to-market election must O Apply the election to all investments in accounts held by the
Question 1 of 50. An active trader who makes the mark-to-market election must O Apply the election to all investments in accounts held by the taxpayer. Make the election for each year they want it to apply to their trade or business. Make the election no later than the due date (including extensions) of their prior-year return. Treat the gains and losses from all securities held in their trading account as ordinary income and losses
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