[RocketManJames]

Thanks for the response Ashe. I did some more digging myself. And, I guess there's something called "Mark-to-Market" in order to qualify as a trader for tax purposes. If MTM is elected, then there are no wash-sale rules, but it does not suit me. Since, at the end of the year, your held positions are "marked to market" meaning that they will be treated as if you sold them that day w/o really selling them. This is very bad for me, since I a large percentage of my holdings are long-term. I only swing trade actively with a much smaller percentage.

Thanks. You may want to look into MTM election (in case your clients require this).

-RMJ