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Pat49
Level 1
February 22, 2022
Question

Does anyone have a format for a 631b election?

  • February 22, 2022
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1 reply

George4Tacks
George4Tacks
Level 15
February 22, 2022

https://www.timbertax.org/getstarted/sales/saletypes/sec631b/

https://www.law.cornell.edu/cfr/text/26/1.631-1

(c) Manner of making election. The election under section 631(a) must be made by the taxpayer in his income tax return for the taxable year for which the election is applicable, and such election cannot be made in an amended return for such year. The election in the return shall take the form of a computation under the provisions of section 631(a) and section 1231.

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