I've been filing electronically for several years now, but this year I want to elect mark-to-market for 2006. Can this be done electronically at the same time I file my regular return? Perhaps sent in separately following my electronic filing? Or, do I need to just mail everything the old fashion way?

All forms ,Schedules,Publications,FAQs/info topics Save lot of time in research http://www.edaytradertax.com/forms_links.htm Addendum I want to do Market to Market filling this year, but I have not register my business as a Stock Market Trader in 2005, my all trades are short term will I still qualify to market to market even I dont register as a trader? I know what a market to market is about, but I dont know if I have to get register as a trader to fill out market to market .I will have a meeting with IRS support in local state and I want to know what question I can ask later... Edited by Moderator on 2/24/6 to include addendum

Well... as far as I know, it cannot be done electronically. Furthermore, qualifying for mark-to-market is no easy task. You first have to qualify for trader tax status. Record keeping is critical. It has little to do with how many trades you make, but is loosely related to the time the trades are held, among several other factors. I would recommend contacting a trader tax specialist... even my long time accountant recommended the same thing. It's easy to submit what you think is correct and wind up getting audited and paying penalties and interest. IMO, it's just not worth it. A professional review and preparation of your taxes, with good existing system of accounting, will cost somewhere in the neighborhood of $1,500. For what it’s worth- I’m not selling the issue- I’m told that you are probably less likely to be audited as a trader if your taxes are filed after the due date (with proper extension).