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The TaxSpeaker's opinion re Repair regs & Form 3115 - What is yours?

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    #31
    "To comply with...."

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      #32
      The NATP webinar included filled in examples of 3115 for different reasons. Well worth the $52 or so to get the slides and examples. For Repair Regulations, 1 Change No. "See Statement" followed by some checkmarks in Part IV 24-27. "Statement 1 Form 3115, Part I, Line 1 Change numbers 184, 186, and 187" (those numbers can be done on one 3115.) You'll give short and sweet explanations, such as Change 187: Adopting the timing for deduction of incidental material and supplies. And, yes, you will have $0 on your statement.

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        #33
        I was corrected

        The election ($500) is once in house and yearly on the return..

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          #34
          I found this post which

          seems to differ, a little, from some posts here......

          This post is for discussion purposes only and should be verified with other sources before actual use.

          Many times I post additional info on the post, Click on "message board" for updated content.

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