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13511: 3115 - Safe Harbor 3(h) Election

1040 Individual Data Entry

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.

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