@Carl wrote:
Yes, you can do that. Then the election remains permanent for every year after, provided you continue to meet the requirements each year after.
The election to group remains until revoked by the taxpayer. However, the revocation must be based upon a material change in the taxpayer's facts and circumstances.
Note that "....a break in the taxpayer's status as a qualifying taxpayer is not, of itself, a material change in the taxpayer's facts and circumstances...." per Reg. Section 1.469-9(g)(2).
