Federal tax elections overview

Federal tax elections are selections regarding tax treatment. Use the Federal Tax Elections
folder to include an election in the return.

There's 3 methods available when using elections.

Predefined Elections:
These are elections already included in the system.

Account Defined Elections:
Set up and add these elections account-wide.

Preparer Defined Elections:
Create and add these elections for the open return.

Set up and add an account-defined tax election

Account defined elections are account-wide.

Go to Organizer
.

Select Federal Tax Elections
.

Select
Account-Defined Elections
.

Preparer defined tax elections are custom elections you create within the open return.

To add a preparer-defined tax election:

Go to Organizer
.

Select Federal Tax Elections
.

Select Preparer Defined Elections
.

Select Add new Preparer Defined Elections
.

Predefined tax elections are the more common tax elections used across federal returns already included in the system.

To add a predefined tax election to the return:

Go to Organizer
.

Select Federal Tax Elections
.

Select Predefined Elections
.