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How attach a Section 754 election statement to 1065 for efile?
LLC member passed away with their interest transferred to beneficiaries. Assets of the LLC included land and cash, so completed a Section 754 election statement to identify the step up in basis (FMV greater than original basis) in for the deceased member's heirs. However, not clear how to add that attachment to form 1065 before e-filing. TT did have a process for attaching form 8453-PE, but haven't found a way to attach the Section 754 election statement even though the need for that statement even though answered 'Yes' on form 1065 Schedule B questions 10a and 10b (which requires a statement).
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‎February 25, 2022
10:17 AM