@ritz0786
Comments related to your questions:
- The Section 475 election must be attached to your tax return; timely filed by the original due date or attached to an extension of time to file.
- The IRS form 8453 allows the filing of some items separate from the tax return, however, the Section 475 election is not one of those items.
- You also have to keep in mind that the Section 475 election is not for the return you are filing. It is for the following tax year; so filing an election with your 2020 tax return is for the 2021 tax year.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
