Menu

Search

Knowledge Base


13511: 3115 - Safe Harbor 3(h) Election


1040 Individual

The safe harbor election (3h) isn’t on the ELEC screen in the 1040 package.  How do I elect it?

 

Safe Harbor 3(h) Election

You can generate the statement for Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers by checking the box on the 4562 screen, located directly below the description field.

Check this box for any building asset to be listed in the Description portion of the election. 

An ELECTION statement will be produced to describe the Safe Harbor election and listing that building. If multiple buildings are selected, the description of each will print on the statement. The statement will be e-filed with the return.


Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 12K times.
Last Modified: Last Month
Rated 5 stars based on 1 vote
Options