Have any of the US based members trading an MOC strategy elected to file their income taxes using the Trader Tax Status (TTS) under Section 475?
The MOC strategy appears to meet the trade volume and trade frequency minimums to satisfy the IRS. There are other details that need to be considered also.
So I’m curious if any one has filed their taxes in this manner and if there are recommendations for US based tax services that specialize in helping traders. Meeting these requirements may allow for deducting home office expenses, computers, software, etc.
I’m just learning about this so, this is not advice as I’m only seeking a to hear from others experience and possibly get a reference for a knowledgeable tax professional.