Hi to all. My client called me that I am trading all the 2023 year. I checked his trading with requirement.

I have no debate for this part.

I told him why did not tell me since I had to file 3115 with 2022 tax return. So I searched and did not find a way how to file a late 3115 Just relief 9100 that it was complicate. I also have question regarding next year. I see in addition 3115 should attach a Statement that I would like to know what should be in there, is it handy? And can e-file Statement as PDF and 3115 both?

In Proseries we have form 3115 and Mark-to mark election which landed on 4797 automatically. 

However, expenses related to trader inters on Sch C, it makes negative net income so what is the reason we should consider exemption of SE tax while it is a loss on Sch C? Even the client has a another Sch C with a net income, SE tax will be combined. I think I did not get this part correctly could please navigate me what we do exactly for SE tax?

I would greatly appreciated it!