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Section 266 election

sandymc
Level 1

I want to make an election under Sec 266 to capitalize the real estate taxes on some raw land.  I do not see this election in ProConnect.  Anyone else know if it is there an how to find it?

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itonewbie
Level 15

Under Other > Elections, click on the Other tab, and scroll down to the section for Election to Capitalize Taxes & Carrying Charges.

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Still an AllStar

View solution in original post

2 Replies 2
itonewbie
Level 15

Under Other > Elections, click on the Other tab, and scroll down to the section for Election to Capitalize Taxes & Carrying Charges.

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Still an AllStar

View solution in original post

sandymc
Level 1

Yes, thanks!  I forget to look up at the top for options and tend to only scroll down the options link page looking for the right place.