On March 27, 2020, section 163(j) was amended by section 2306 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act allows taxpayers to elect to use its 2019 adjusted taxable income (ATI) in determining the taxpayer's section 163(j) limitation for any tax year beginning in 2020, subject to modifications for short tax years. If this election is made, complete line 22, adjusted taxable income, on Form 8990, and leave lines 6 through 21 blank. No formal statement is required to make this election. Please refer to section 6.02 of Rev. Proc. 2020-22 PDF for additional information regarding this election under new section 163(j)(10), as amended by the CARES Act. See other sections of Rev. Proc. 2020-22 for information regarding other elections under section 163(j), including how to make or revoke section 163(j)(7) elections.