§475(f) Mark-to-Market Election

Trader-in-securities (or commodities) election to use the mark-to-market method of accounting under §475(f).

IRC § 475(f)Rev. Proc. 99-17

Taxpayer name *

Taxpayer EIN / SSN *

Address

Election type

First effective tax year *

Trade or business

How the activity is described on the return.

Signed by

Title / capacity

Date

Preview

ELECTION UNDER INTERNAL REVENUE CODE § 475(f)

Taxpayer:                       [Taxpayer name]
Taxpayer Identification Number: [EIN/SSN]
Address:                        [Address]

Pursuant to Internal Revenue Code § 475(f)(1) and Rev. Proc. 99-17, the above-named
taxpayer hereby elects to use the mark-to-market method of accounting described in
Internal Revenue Code § 475 for the taxpayer's trade or business of trading in securities.

1. The election is made under Internal Revenue Code § 475(f)(1) (trader in securities).
2. The first taxable year for which the election is effective is the taxable year
   beginning January 1, [YEAR].
3. The trade or business for which the election is made is trading in securities.


_______________________________
[Signature]
Taxpayer
Date: [Date]

How & when to file: File this statement no later than the due date (without regard to extensions) of the original return for the taxable year IMMEDIATELY PRECEDING the election year. A new taxpayer instead places this statement in its books and records within 2 months and 15 days after the first day of the election year. A taxpayer changing from the realization method must also file Form 3115 to report the §481(a) adjustment in the year of change.

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ELECTION UNDER INTERNAL REVENUE CODE § 475(f) Taxpayer: [Taxpayer name] Taxpayer Identification Number: [EIN/SSN] Address: [Address] Pursuant to Internal Revenue Code § 475(f)(1) and Rev. Proc. 99-17, the above-named taxpayer hereby elects to use the mark-to-market method of accounting described in Internal Revenue Code § 475 for the taxpayer's trade or business of trading in securities. 1. The election is made under Internal Revenue Code § 475(f)(1) (trader in securities). 2. The first taxable year for which the election is effective is the taxable year beginning January 1, [YEAR]. 3. The trade or business for which the election is made is trading in securities. _______________________________ [Signature] Taxpayer Date: [Date]