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June 5, 2019
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Can a Section 469(c)(7)(a) election be done in turbo tax - Election to Aggregate All Rental Real Estate Interests

  • June 5, 2019
  • 2 replies
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Can a Section 469(c)(7)(a) election be done in turbo tax - Election to Aggregate All Rental Real Estate Interests"
    Best answer by Anonymous_

    " Can a Section 469(c)(7)(a) election be done in turbo tax"

     

    Yes, it can. However, the election is not officially supported and will require the use of Forms Mode. Further, making the election will, most likely, require printing and mailing the return.

     

    See https://images.turbotax.intuit.com/iqcms/support/new_lib/images/TY16/2016-Unsupported-Calcs-GEN12868...

    2 replies

    Employee
    June 5, 2019

    " Can a Section 469(c)(7)(a) election be done in turbo tax"

     

    Yes, it can. However, the election is not officially supported and will require the use of Forms Mode. Further, making the election will, most likely, require printing and mailing the return.

     

    See https://images.turbotax.intuit.com/iqcms/support/new_lib/images/TY16/2016-Unsupported-Calcs-GEN12868...

    June 5, 2019
    What do you search for under 'Forms Mode' using TT Home & Business?
    Employee
    June 5, 2019

    " Is this blank form still available?  I am not finding it."

    Yes, it is still available. Enter Forms Mode, click Open Form, expand the list, and scroll down to the Blank Form in the list of forms (see screenshot).

    June 5, 2019
    Once elected, how do you depreciate property used for all the businesses instead of just each individual one?