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Level 2
March 7, 2026
Question

MTM Section 475(f) Election

  • March 7, 2026
  • 2 replies
  • 97 views

I am using the download version of TurboTax Home and Business. I want to elect MTM accounting for 2026. How do I attach my 475(f) election statement to this year's 2025 return so I can file my 2025 return electronically?

2 replies

Level 2
March 7, 2026

Just got off of the phone with a TurboTax rep. She said, even with the Home and Business version, TurboTax does not offer a way to attach the 475(f) election statement to my 2025 return electronically. She said I would have to print out the return and mail it in. What a disappointment!

Mike9241
Level 15
Level 15
March 7, 2026

for decades there has been no way to attach an external document to TurboTax. I don't expect this to change in the next 50 years. 

Mike9241