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Get your taxes done using TurboTax
Hello,
Thanks fore all this useful information... I am assuming that valid election also imply that the status is accepted by the IRS the first time that the election is selected. What will be the scenario if I have losses to deduct but the IRS does not grant the status... Would I be subject to penalties on the wrong deductions?
Thanks.
‎February 7, 2021
9:00 PM