https://ttlc.intuit.com/community/taxes/discussion/re-2nd-home-future-investment-property-future-rental-how-to-enter-carrying-costs-of-property-like/01/2877251#M1049869 <P>See&nbsp;<A href="https://blog.foxwealthmgmt.com/2016/08/15/tax-planning-with-a-266-election/" target="_blank">https://blog.foxwealthmgmt.com/2016/08/15/tax-planning-with-a-266-election/</A><BR /><BR />I would like to make the Section 266 election to capitalize property tax on the vacant city lot I have been holding for investment, but TurboTax does not currently offer such a form. So I &nbsp;guess either have to file a paper return or e-file and follow up with a paper copy with amended checked but otherwise identical, plus the attachment. To be safe I will send the first soon and the second before April 15. Could one of you in the Community suggest to TurboTax that they inform themselves on this topic?</P> Sat, 11 Feb 2023 23:02:46 GMT sauteebarb 2023-02-11T23:02:46Z https://ttlc.intuit.com/community/taxes/discussion/re-2nd-home-future-investment-property-future-rental-how-to-enter-carrying-costs-of-property-like/01/2877251#M1049869 <P>See&nbsp;<A href="https://blog.foxwealthmgmt.com/2016/08/15/tax-planning-with-a-266-election/" target="_blank">https://blog.foxwealthmgmt.com/2016/08/15/tax-planning-with-a-266-election/</A><BR /><BR />I would like to make the Section 266 election to capitalize property tax on the vacant city lot I have been holding for investment, but TurboTax does not currently offer such a form. So I &nbsp;guess either have to file a paper return or e-file and follow up with a paper copy with amended checked but otherwise identical, plus the attachment. To be safe I will send the first soon and the second before April 15. Could one of you in the Community suggest to TurboTax that they inform themselves on this topic?</P> Sat, 11 Feb 2023 23:02:46 GMT https://ttlc.intuit.com/community/taxes/discussion/re-2nd-home-future-investment-property-future-rental-how-to-enter-carrying-costs-of-property-like/01/2877251#M1049869 sauteebarb 2023-02-11T23:02:46Z https://ttlc.intuit.com/community/taxes/discussion/re-2nd-home-future-investment-property-future-rental-how-to-enter-carrying-costs-of-property-like/01/2877260#M1049872 <P>It is a simple statement that is attached to your return and should not impede e-filing.</P> Sat, 11 Feb 2023 23:06:12 GMT https://ttlc.intuit.com/community/taxes/discussion/re-2nd-home-future-investment-property-future-rental-how-to-enter-carrying-costs-of-property-like/01/2877260#M1049872 Anonymous_ 2023-02-11T23:06:12Z