Jake Posted February 11, 2008 Report Posted February 11, 2008 I have a return that has an election concerning a lump sum Social Security payment that needs to be included with the return. Is the election transmitted electronically with the return? If not can I still e-file the return and send the election with an 8453 or does the whole return need to be paper filed. Thanks for any help. Jake Quote
ed_accountant Posted February 12, 2008 Report Posted February 12, 2008 Mail in the return to be certain.. Quote
BulldogTom Posted February 12, 2008 Report Posted February 12, 2008 There is no formal election proceedure, you just figure the additional taxable amounts for the prior years, and then put LSE on the line. ATX will do this for you when you use the LSE worksheet. If it results in less taxable income, the entry will be made. When you e-file, the form will flow through with the return. Tom Lodi, CA Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.