Skip to main content
Level 2
August 12, 2021
Question

what if I did not make the election but Lacert still generates the elections?

  • August 12, 2021
  • 1 reply
  • 10 views

I've checked multiple times, I did not make the election but Lacert automatically generates the below 

Election to Not Apply Like-Kind Exchange Regulations

Pursuant to Regulation Section 1.168(i)-6, the Taxpayer hereby elects to not apply the provisions of Regulation Section 1.168(i)-6 for the following property or properties:

How can I delete this?

This topic has been closed for replies.

1 reply

George4Tacks
Level 15
August 12, 2021

Assuming you are working on a 1040, look at Screen 46 > 2nd section is Election to not apply ... you will likely find something checked there. If so, remove the check. 

Answers are easy. Questions are hard!
abctax55
Level 15
August 12, 2021

And when you are in that screen, switch to batch entry (Ctrl W) to look for anything that's checked.  Things can hide 🙂 

HumanKind... Be Both
zoeAuthor
Level 2
August 13, 2021

Thanks. I do as you suggested and find nothing but Lacert still generates the election....