Election

Note for S-corporations, C-corporations, partnerships, real estate investment trusts, sole proprietorships, and trusts (see Table 1): once made, an elective payment election for this production credit applies to the year of election and to the following 4 years (for a total of 5 years). A registration number must still be obtained for each tax year. A transfer election cannot be made for a subsequent year if the elective payment election has already been made previously, unless the taxpayer revokes the elective payment election. If you are registering for a transfer election and intend to revoke a previous elective payment election, provide an explanation in your registration submission.

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