Marie Posted February 25, 2015 Report Share Posted February 25, 2015 Didn't get the election in original return. Can I amend before April 15 and include? Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted February 25, 2015 Report Share Posted February 25, 2015 I did the same thing and KC alerted me to filing a 'superseded' return before the 15th, mark it boldly as such, and include the election. There is a discussion on this earlier and perhaps a moderator will reference it as I don't know how to include here. The key is that it is not an amended return. 1 Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 25, 2015 Report Share Posted February 25, 2015 Do you really need to amend. I thought this was a yearly event so you can wait to make the election next year. Quote Link to comment Share on other sites More sharing options...
Janitor Bob Posted February 25, 2015 Report Share Posted February 25, 2015 (edited) I have not filed any Sch Es this year, but come to think of it, I have never filed an election with any of my Sch Es...should I have been doing this? Edited February 25, 2015 by Janitor Bob Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted February 25, 2015 Report Share Posted February 25, 2015 My understanding, such as it is, is that we 'should' begin filing the elections as of 2014 as Jan. 1, 2014, is when this is in effect. I have chosen to do this. You may choose otherwise. I am fairly well decided that I have no need to file any Forms 3115 but still have two clients with extensive properties that may have had repairs that need to be capitalized or vice versa. Even at that, I may just take advantage of this new relief and be done with it. Quote Link to comment Share on other sites More sharing options...
Marie Posted February 25, 2015 Author Report Share Posted February 25, 2015 I'VE HAD TO MAKE A FEW OTHER CHANGES, TOO, ALONG WITH INCLUDING THE ELECTION. DO I WRITE "SUPERSEDED" ON TOP? OR JUST SEND IN A NEW RETURN. I THINK I WILL HAVE TO MAIL? Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted February 25, 2015 Report Share Posted February 25, 2015 Ahh, if you made additional changes I think it still may be superseded. In my case, I only omitted the election, no other changes at all. I would prepare the updated return with all the changes, write 'SUPERSEDED' on top and mail. It wouldn't be helpful I should think to mail in the original without the changes and the election.Perhaps KC will chime in here. It was just a couple of weeks ago that this was discussed but I don't know how to link to it. My understanding is that a superseded return, if filed by April 15, will replace the originally filed return. Yes, mailing is the only option, I believe. 1 Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted February 25, 2015 Report Share Posted February 25, 2015 I found the discussion. It's titled Oh Crap! I forgot the election, Feb. 9, around page 6. 2 Quote Link to comment Share on other sites More sharing options...
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