Well run
$ make ARCH=arm CROSS_COMPILE=... menuconfig
Then navigate into Networking support -> Networking options -> Network packet filtering framework (Netfilter) -> IP: Netfilter Configuration -> IP tables support (required for filtering/masq/NAT)
... or you can just hit the 'slash' [/] key and type "IP_NF_IPTABLES" , which will give you the exact location of the config option.