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Hi,
I am writing to seek guidance on how to prepare the election statement for a simplified method of depreciation for my first time 1031 like-kind exchange filing.
I have noticed that on ProConnect, the election statement is printed with the return and can be attached to the e-file.
However, it seems that ProSeries does not to print the election statement.
Please advise me on how to prepare the election statement.
Thank you for your help in advance.
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If you use the Where Do I Enter box and type EL you'll find a list of premade elections that ProSeries has to choose from.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Thank you for your response.
But it seems that there is no election form regarding Form 8824 which I want to find.
And I am using ProSeries Basic.
Thank you,
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Are you referring to the election out of §1.168(i)-6?
On the Asset Entry Worksheet, abut 1/3rd of the way down is a checkbox for that. The election statement shows on the very bottom of the 4562.
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Thank you for your advise.
I found out it.