Mark-to-Market Election – Whether to Make or Revoke a Section 475(f) Election on or Before March 15, 2024
Each year, we send a newsletter to our clients and friends regarding Section 475(f) mark-to-market elections. A 475(f) election must be made by partnerships before March 15th of the year in which the election is to be effective and can be overlooked while people are focused on preparing prior year tax returns and K-1 estimates.…