Business & farm

Yes - The 754 election statement can be attached to the partnership return when e-filed. 

TurboTax Champ ScruffyCurmudge offered this information to another TurboTax customer:

Regs. Sec. 1.754-1(b)(1)  [26 CFR § 1.754-1 https://www.law.cornell.edu/cfr/text/26/1.754-1] provides that an election under Sec. 754 to adjust the basis of partnership property under Secs. 734(b) and 743(b) shall be made in a written statement filed with the partnership return for the tax year during which the distribution or transfer occurs. For the election to be valid, the return must be filed no later than the time prescribed for filing the return (including extensions) for the tax year. Further, a valid Sec. 754 election must (1) set forth the name and address of the partnership making the election, (2) be signed by any one of the partners, and (3) contain a declaration that the partnership elects under Sec. 754 to apply the provisions of Secs. 734(b) and 743(b).

To attach a document to a business return click the Attachments icon in the top right of your screen.