IRS LINK
"As a trader, you must make the mark-to-market election by the original due date (not including extensions) of the tax return for the year prior to the year for which you intend the election to become effective."
This IRS link talks about what is required to claim "Trader" status.
Next, it says "As a Trader"... the election is made by due date of return for prior year.
I only see this as
First being a Trader
Second, making the election for the following year.
@fanfare
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