Jose purchased and placed in service a rental house in January 2009 for $110,000, which included $10,000 for the land. In August of the eighth year of renting the property, he decided to sell the rental house to the tenant. How much depreciation may he deduct in the eighth year?

1. $1,364

2. $2,273

3. $3,485

4. $3,636

A taxpayer may elect to waive the carryback period for a NOL by:

1. Attaching a statement to the return for the carryforward year.

2. Filing an amendment for the NOL year return.

3. Attaching an statement to the tax return for the loss year, filed on or before the due date, including extensions.

4. Filing an amendment claiming the election for the carryback year.