### Question
How is the term applicable election year defined?


### Answer
The term **applicable election year** is defined in *26 U.S.C. § 7519* as the following:

> any taxable year of a partnership or S corporation with respect to which an election is in effect under section 444

#### Citation:
  - *26 U.S.C. § 7519*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 77-MISCELLANEOUS PROVISIONS**

