IRC 1.266-1 Election to capitalize carrying charges

Forum|Forum|6 years ago
March 23, 2020
4 replies
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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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Best answer by itonewbie

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.

itonewbieAnswer

Level 15

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