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Business & farm
you had to make an entity election within 75 days of the start of the tax year. so the election is now late.
you need to file form 8832 and ask for late election relief. It's up to the iRS to grant or deny this late election
see 8832 instructions. especially the late election provisions.
https://www.irs.gov/pub/irs-pdf/f8832.pdf
‎April 5, 2024
7:06 PM