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Which of the following statements applies to active traders who make the mark-to-market election? Their net profits are subject to self-employment tax. They can deduct
Which of the following statements applies to active traders who make the mark-to-market election? Their net profits are subject to self-employment tax. They can deduct an unlimited amount of losses against the profits in their trading account. They report all gains and losses as capital gains and losses. They are subject to the wash sale rule if they sell securities at a loss and then buy substantially identical securities within 30 days
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