Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit

This form is used by individuals, partnerships, estates, trusts, and S corporations to make an election to postpone an IRS determination as to whether an activity is engaged in for profit for 5 years (7 years for breeding, training, showing, or racing horses). The data is used to verify eligibility to make the election.

The latest form for Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit expires 2022-07-31 and can be found here.