Drake Tax - Business Returns: Elections
Article #: 10064
Last Updated: November 06, 2024
Make business return elections on screen ELEC by selecting the type of Election and completing all other applicable fields. To make multiple elections, press the Page Down key for a new screen.
Press F1 in any field to learn if a field is required for your selection and the type of information that may be needed.
A description of Return Elections is available through the List of Elections link in the upper-left corner of Screen Help. (Right-click on the screen and select Screen Help.)
Once an election is made, calculate the return and look for Statement #ELXX, where XX is the number of the election. For example, election 01 (General Election Statement) is generated as Statement #EL01.
Note The election is printed with other statements unless you choose to print each statement on a different page: Setup > Options > Calculation & View/Print > Print Only One Overflow Statement Per Page.
For tax-year elections, see Drake Tax - Short Year Return.
See Drake Tax - 1040: Elections for individual return information.