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I'm trying to find a blank form for IRC 1.266-1 Election to capitalize carrying charges, to attach to a 1040 tax return.
I had one last year and I can't find it this year, not even at irs.gov.
I use PS Basic
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Did you check Under Miscellaneous > Elections? Under Individual Elections Summary, it should be listed as item #18.
In any case, it's a very simple statement. You can easily prepare one, following the guidelines outlined in the Treas. Reg. you cited. Don't recall IRS ever having a template.
Still an AllStar
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Try F6 to search forms then elections
ProSeries Professional it is on the Individual Elections Summary worksheet line 18
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I have basic, I will create the form from a statement as you suggested.
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PS Basic doesn't have the form or the same format as professional.
No individual elections summary line 18. I have found a work around.
Thanks for the help.
