ArticleIRS Provides Section 163(j) Guidance on Withdrawing Real Property Trade or Business Elections
March 31, 2026The IRS issued Revenue Procedure 2026-17 with steps for withdrawing prior Section 163(j)(7) elections for 2022–2024, reflecting new rules under the OBBBA. Learn who qualifies, key deadlines (as early as Oct. 15, 2026), and how amended returns or AARs can reopen interest deductibility and bonus depreciation choices.