Does anyone know for certain if the ProSeries tax package for an 1120 will e-file the IRC Section 195 Start-Up cost statement (or is it required to be attached as a pdf)?
A while back, there were notices from Intuit that not all election statements were automatically e-filed and had to be attached as a pdf instead. Does anyone know the status for the IRC Section 195 election in the package. Is there a link to identify which elections are e-fileable and which ones are not?
Thank you in advance.
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Thanks.....that would be logical but hasn't always been the case. For example, 663(b) elections for trusts. Any idea if ProSeries has a list somewhere of 'what's in and what's out' for election statements and efiling? I'd even settle with a "*" on the "IRC Elections Summary." [Not to be picky but the number's large.] Appreciate it.
Are you electing to capitalize ALL of the costs?
If not, I don't think you need an election statement if you are just doing the usual $5,000-$50,000 and amortizing the rest.
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