Get your taxes done using TurboTax

Champ – Are you making an assumption or do know for a fact that TurboTax now supports e-filing when  Section 199A Rental Real Estate Enterprise Statement (Safe Harbor election) is included within the tax return?

I have not yet purchased tax software for the  2021 tax year as I am waiting to see which tax software allows this.  Unfortunately I don’t believe you are correct and are simply making an assumption.  Below I am attaching the screenshot from my 2020 tax return prepared on TurboTax which clearly states the inability to file electronically.

Also, you state the requirement to sign this statement is open to discussion.  Why is it then that this form contains a separate declaration (see below) along with a signature line and date?

Under penalties of perjury, I (we) declare that I (we) have examined the statement, and, to the best of my (our) knowledge and belief, the statement contains all the relevant facts relating to the revenue procedure, and such facts are true, correct, and complete. 

I do not believe this is open for discussion and that the IRS requires this election and affirmation to be separately signed and dated by the taxpayer.  In fact this is the reason why TurboTax has not allowed e-filing with this statement.  To allow e-filing requires TurboTax to have the form uploaded into the tax return after it has been signed and dated.