The irrevocable election does not apply to your business.
An exception applies to farming, agricultural and horticultural cooperatives.
The Section 163(j) will apply to your business annually, but since you do not have any interest expense in 2018, it is a moot issue.
The question at hand should be answered "no" since your business is none of those listed.
*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.
