Which of the following is the most accurate with regards to making the election to...
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Accounting
Which of the following is the most accurate with regards to making the election to treat all real property inco as effectively connected income? A. A taxpayer may revoke the election at any time. B. A taxpayer has up to a maximum of three years past filing date of return or he/she will need IRS approval to revoke. C. A taxpayer has up to a maximum of ten years past filing date of return or he/she will need IRS approval to revoke. D. The election is non revocable.
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