1040-US: Tracking all elections taken by clients in current and prior year

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.


How can I track all elections taken by clients in current and prior tax years?


There are several Election History statements that can be used to track your clients' elections. Each statement contains the following fields.

The Election History statement dialogs are in the following input screens.

Folder Screen
Retirement 1099R
Taxes 8697, ACA Tax
Farm Rental 4835-2
Business C-3
Farm F-3
Elections* Elect*
Rent & Royalty Rent-2
Itemized Deductions MortgInt
K1 1065, 1120 K1-7

* The Election History statement dialog in Screen Elect, located in the Elections folder, is used to track non-activity-based elections.

Information will proforma to the Election History statement dialogs.

An election report is also available for review. To the print the report, enter X in the Print Election Report field in Screen Elect, located in the Elections folder. The report will print the current-year elections and the information contained in all Election History statement dialogs.

Related topic: Tax elections FAQs (1040)

Share This