When election may be made
(A) Without consent
(A)Without consent#
A taxpayer may, without the consent of the Secretary, make an election under this subsection for his first taxable year in which he incurs real property taxes. Such an election shall be made not later than the time prescribed by law for filing the return for such year (including extensions thereof).
(B)With consent#
A taxpayer may, with the consent of the Secretary, make an election under this subsection at any time.