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Federal input screens

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

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note
The application generates one Form 3115, Page 8, for each unit of the 3115-8 screen.

Change in Depreciation or Amortization

Enter information in this section to complete Form 3115, Schedule E.
Description of property for which change is requested
The application uses this information to identify the different units. This information does not transfer to Form 3115.
Is depreciation for the property figured under section 1.167(a)-11?
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).
Is any depreciation required to be capitalized under any code section?
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.
If yes, enter applicable section
Enter the applicable code section under which the depreciation or amortization is required to be capitalized.
Has a depreciation/amortization election been made for the property?
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.
If yes, state election made
Enter the applicable depreciation or amortization election made for the property.
Describe property being changed...
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.
If property is residential real property...
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.
Is property public utility property?
Enter
1
 if the property is public utility property. Enter
2
 if the property is not public utility property.
Explain how property is treated under the present method
Use the attached statement to indicate how the property is treated under the applicant's present method.
If property is not currently depreciated/amortized...
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.
If property is/will be treated as...
The application transfers the information entered in these fields to one statement that will print with Form 3115.

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