Accounting Method Archives - John R. Dundon II, Enrolled Agent

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Accounting Method Tag

16 Mar Traders in Securities – IRS Topic 429

Posted at 00:00h in Accounting Method, Mark to Market

This tax topic explains whether an individual who buys and sells securities qualifies as a "trader in securities," for tax purposes and how traders must report the income and expenses resulting from the trading business. In order to better understand the special rules that apply...

16 Mar Mark to market securities transactions IRS Revenue Proceedure 99-17

Posted at 00:00h in Accounting Method, Mark to Market

This revenue procedure provides the exclusive procedure for dealers in commodities and traders in securities or commodities to make an election to use the mark-to-market method of accounting under § 475(e) or (f) of the Internal Revenue Code. BACKGROUND Section 475(e) allows a dealer in commodities to...

Accounting Method Tag

16 Mar Traders in Securities – IRS Topic 429

16 Mar Mark to market securities transactions IRS Revenue Proceedure 99-17

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