See https://blog.foxwealthmgmt.com/2016/08/15/tax-planning-with-a-266-election/
I would like to make the Section 266 election to capitalize property tax on the vacant city lot I have been holding for investment, but TurboTax does not currently offer such a form. So I guess either have to file a paper return or e-file and follow up with a paper copy with amended checked but otherwise identical, plus the attachment. To be safe I will send the first soon and the second before April 15. Could one of you in the Community suggest to TurboTax that they inform themselves on this topic?
