@Carl wrote:
Now as far as I know, the TurboTax program does not generate any such statement.......
That is correct; the election is not supported by TurboTax.
Real Estate Professionals: The election for real estate professionals to aggregate their activities under IRC469(c) (7) is not supported
See https://digitalasset.intuit.com/DOCUMENT/A6QrdFCgW/010421-2020-unsupported-calcs-L1FQfTTgn.pdf
