On what form or attachment does a partnership report that it has made a § 754 election? Prepare such a form using the facts of Example 29.

Data from Example 29.

A partnership’s sole asset is a building with an adjusted basis of $450,000 and a fair market value of $900,000. George buys a one-third interest in the partnership for $300,000 (one-third of the value of the building). The partnership does not make an election under § 754. Although the price George paid for the interest was based on fair market value, the building’s depreciation continues to be determined on the partnership’s adjusted basis of $450,000, of which George’s share is only $150,000 rather than the $300,000 paid for the interest.