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Subject Author Date
new roof on rental property way222 02-17-2007
Posted by A.G. Kalman on February 21, 2007, 6:28 pm
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way222@gmail.com wrote:

>> Lots of answers but none that address the question.
>> Depreciation is a method of accounting. As such, you have
>> to file Form 3115 and request a change to your method of
>> accounting for that item.

> Holy cow, I just took a look at that form. It's like it is
> written in a foreign language.
>
> So what is the procedure - do I file a 3115 and wait for the
> IRS to approve it, and then file an amended return; or do I
> file everything together?
>
> Or should I head to my friendly neighborhood accountant, as
> this is to complicated for someone who is not a pro?

Head to your friendly neighborhood accountant who can do it
all in one fell swoop.

--
Alan
http://taxtopics.net

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