About me: I'm a trader with trader tax status. I do not have a company. I did have a few trading accounts, but most of the time I traded them separately.
I'm trying to hire a CPA to do my taxes. I hired a firm who charged me for incorporation, tradelog, etc. then decided they needed more billable time. In all, for me to file my personal return is going to come to $4K. Most of that takes the form of 'trade accounting', meaning they go over the 1099s from the brokerages and manually keep track of stuff.
I reached out to another accountant who told me that because I made a mark to mark election wash sale rules are a non issue and I don't need to pay all this money for the accounting services after all. Of course, he wants me to retain him--so I'm unclear who is right in this situation.
If you elect mark to mark, do you need to have custom 'trade' accounting services? Or is this just a scam to milk me for even more billable hours (the second accountant suggested this was the case).