Carrying Charges voyage GlasgowCarrying charges include the taxes and interest you pay to carry ordevelop real property or to carry, transport, or install personalproperty. Certain carrying charges must be capitalized under theuniform capitalization rules. (For more information on capitalizationof interest, see chapter 8.)You can choose to capitalize carryingcharges not subject to the uniform capitalization rules, but only ifthey are otherwise deductible. You can choose to capitalize carrying charges separately for eachproject you have and for each type of carrying charge. For unimprovedand unproductive real property, your choice is good for only 1 year.You must decide whether to capitalize carrying charges each year theproperty remains unimproved and unproductive. For other property, yourchoice to capitalize carrying charges remains in effect untilconstruction, development, or installation is completed (or, forpersonal property, the date you first use it, if later). cheap hotel in BredaHow to make the choice.To make the choice to capitalize a carrying charge, write astatement saying which charges you choose to capitalize. Attach it toyour original tax return for the year the choice is to be effective.However, if you timely filed your return for the year without makingthe choice, you can still make the choice by filing an amended returnwithin 6 months of the due date of the return (excluding extensions).Attach the statement to the amended return and write "Filed pursuantto section 301.9100-2" on the statement. File the amendedreturn at the same address you filed the original return.