dnewingham Posted May 31, 2023 Report Share Posted May 31, 2023 (edited) Is anyone on here an expert on IRS form 3115. Client just sold rental property and did not take depreciation from 2008 until now. Actually, looking for someone to hire to complete this. Edited May 31, 2023 by dnewingham Misspelled word Quote Link to comment Share on other sites More sharing options...
Lion EA Posted May 31, 2023 Report Share Posted May 31, 2023 One Form 3115 expert is Lisa Ihm and Brass Tax Presentations. They have a $20 booklet with line-by-line instructions and spreadsheet attachments and... https://brasstax.com/shop/ols/products/form-3115-line-by-line-correcting-depreciation Look around their website. 2 Quote Link to comment Share on other sites More sharing options...
dnewingham Posted May 31, 2023 Author Report Share Posted May 31, 2023 7 minutes ago, Lion EA said: One Form 3115 expert is Lisa Ihm and Brass Tax Presentations. They have a $20 booklet with line-by-line instructions and spreadsheet attachments and... https://brasstax.com/shop/ols/products/form-3115-line-by-line-correcting-depreciation Look around their website. I already purchased this program. I am not 100% certain I can complete the form from this program. I have also already sent them an email, with no response as of now. So as a tax professional, if I cannot guarantee it will be perfect, I would rather pay someone else to complete it. Thank you for your input though. Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted June 1, 2023 Report Share Posted June 1, 2023 Gee - just looking at Form 3115 for the first time ever myself. I will look at brasstax. I have a client changing to accrual method. Quote Link to comment Share on other sites More sharing options...
Sara EA Posted June 2, 2023 Report Share Posted June 2, 2023 Don't be afraid of 3115! Changes in depreciation are automatically granted, so you only have to fill out parts I and II (basically identifying info and reason) and Sch E, where you compute the missed depreciation. 5 Quote Link to comment Share on other sites More sharing options...
Catherine Posted June 2, 2023 Report Share Posted June 2, 2023 For missed rental depreciation, it's really NOT that bad. I just did one this year and it's mostly annoying persnickety checkboxes, a bunch of meaningless-but-required attachments, a couple of lines to fill in, and a reason (t/p didn't know; came for help, we're fixing it). PM me if you want gory details. 2 Quote Link to comment Share on other sites More sharing options...
DevM Posted June 8, 2023 Report Share Posted June 8, 2023 PM me. I have done a few. I can walk you thru.. Quote Link to comment Share on other sites More sharing options...
Gene1130 Posted May 13 Report Share Posted May 13 In need some help with filling in form 3115. Willing to pay someone to help guide me Thanks Gene Quote Link to comment Share on other sites More sharing options...
Lion EA Posted May 14 Report Share Posted May 14 https://brasstax.com/products/form-3115-line-by-line-correcting-depreciation/ 2 Quote Link to comment Share on other sites More sharing options...
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