In order to claim the Safe Harbor for Small Taxpayer election, the statement must be titled, "Section 1.263(a)3(h) Safe Harbor Election for Small Taxpayers" and include the taxpayer's name, address, taxpayer identification number, and a
description of each eligible building which the taxpayer is applying the election.
Name, address, and TIN is pretty self-explanatory, but I can't find any examples of what exactly the "description" should be.
Should it be the address of the property? A literal description of the property (for example, "3 unit apartment building")? Something else?
Thanks.
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