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October 29, 2024
Question

1st year Mark To Market day trader, how to fill the Form 3115 Part II 7a? "No" or "Yes"?

  • October 29, 2024
  • 1 reply
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Form 3115 Part II

7a. Does audit protection apply to the applicant's requested change in method of accounting?

      If "No." attach an explanation.

 

I read the instructions several times but could not get it.

My guess is the answer could be "No". Then an explanation is required. What will the explanation look like?

    1 reply

    Employee
    October 29, 2024
    No text available
    Employee
    October 29, 2024
    No text available