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Screen 3115-8 - Change in Depreciation/Amortization (1040)

Change in Depreciation or Amortization

Enter information in this section to complete Form 3115, Schedule E.
The application uses this information to identify the different units. This information does not transfer to Form 3115.
Enter
1
 if the depreciation for the property is determined under Regulations Section 1.167(a)-11 (CLADR). Enter
2
 if the depreciation for the property is not determined under Regulations Section 1.167(a)-11 (CLADR).
Enter
1
 if any depreciation or amortization is required to be capitalized under any Code section. Enter
2
 if no capitalization is required for the depreciation or amortization.
Enter the applicable code section under which the depreciation or amortization is required to be capitalized.
Enter
1
 if a depreciation or amortization election has been made for the property. Enter
2
 if an election has not been made for the property.
Enter the applicable depreciation or amortization election made for the property.
Use the attached statement to describe the property being changed. Include the type of property, the year the property was placed in service, and the property's use in the trade or business.
Enter
1
 if the property is residential rental property and the applicant lived in the property prior to renting it. Enter
2
 if the applicant did not live in the property prior to renting it.
Enter
1
 if the property is public utility property. Enter
2
 if the property is not public utility property.
Use the attached statement to indicate how the property is treated under the applicant's present method.
Use the attached statement to enter the facts supporting the proposed change to depreciate or amortize the property when the property is not currently depreciated or amortized.
The application transfers the information entered in these fields to one statement that will print with Form 3115.
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