Section 108(b)(5) election
How do I make a section 108(b)(5) election in Lacerte for a discharge of indebtedness?
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Angie22
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Questions answered: 2
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02/23/09 5:53pm PST
Viewed by asker 02/23/09 7:31pm PST
Viewed by asker 02/23/09 7:31pm PST
2 Replies
PhoebeRoberts
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02/23/09 7:10pm PST
Screen 62, Code 8.
If I wanted phone calls, my phone number would be in my profile. If you have a question, post it in the applicable forum.
PhoebeRoberts
Questions asked: 81
Questions answered: 9536
Points earned: 34954
Questions answered: 9536
Points earned: 34954
Accountant Community AllStar
Advisory council of Accountant community power users.
Intuit Moderator
Mod/Co-mod
02/23/09 7:12pm PST
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To elaborate, I believe no separate election is required. Filling out the 982 constitutes the election.
If I wanted phone calls, my phone number would be in my profile. If you have a question, post it in the applicable forum.
