kdaglobal
Level 3
‎08-13-2020 02:33 PM

Hi All, 

I cannot find where in the ProSeries software to make a Section 454 election to report accrued HH US Savings Bond interest on a decedent's tax returns.  Please advise--thanks!

Kristin

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Jean B
Level 2
‎08-14-2020 09:17 AM

Hi Kristin,

 

I saw this on a different post about the 454 election, hope it helps.

"The election can be made by attaching a statement to the
taxpayer's income tax return for the taxable year to which the election is first to
apply. The election should be made no later than the due date, including
extensions, of the taxpayer's return for such year."

kdaglobal
Level 3
‎08-15-2020 12:03 PM

Thanks so much Jean--truly appreciated!

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