Other examples of Federal elections which are binding for New York State personal income tax purposes include, but are not limited to, those relating to:
(c) Other examples of Federal elections which are binding for New York State personal income tax purposes include, but are not limited to, those relating to:
(1)the special 10-year averaging method with respect to lump sum distributions;#
(1) the special 10-year averaging method with respect to lump sum distributions;
(2)the reporting of income from a sale or exchange of property on the installment basis;#
(2) the reporting of income from a sale or exchange of property on the installment basis;
(3)changes in inventory basis;#
(3) changes in inventory basis;
(4)capitalization of drilling, development and exploration costs and similar items set forth in the Internal Revenue Code;#
(4) capitalization of drilling, development and exploration costs and similar items set forth in the Internal Revenue Code;
(5)recognition and nonrecognition of gain or loss in the case of certain liquidations; and#
(5) recognition and nonrecognition of gain or loss in the case of certain liquidations; and
(6)bad debt reserves, recoveries, etc.#
(6) bad debt reserves, recoveries, etc.