When I was creating a 2019 return, one of the questions was asked at the start of the return was:
"Are you electing to defer tax on a distribution of spin-off shares by foreign corporations."
If yes, then you needed to provide some an 86.1 election and mail in your return. I selected that option. However on reflection we are no longer deferring the tax and thus would like to NETFILE. However, I can't seem to undo that question. I've cleared everything I can think of to remove the restriction.
Is there a way to start over and go through it again? This is joint return, with one of the returns already NETFILE, otherwise I would just delete the whole return and start over. Thoughts?
Hi,
1. In Forms Mode, do a form search for "Netfile" and select the Netfile worksheet.
2. In the top section, after "Do any of the above situations apply?", look for the question "Are you electing to defer tax on a distribution of spin-off shares by foreign corporations?" and change your answer.
Hi,
1. In Forms Mode, do a form search for "Netfile" and select the Netfile worksheet.
2. In the top section, after "Do any of the above situations apply?", look for the question "Are you electing to defer tax on a distribution of spin-off shares by foreign corporations?" and change your answer.