481(a) adj on 1040

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  • TaxprepP
    Member
    • Jan 2015
    • 73

    #1

    481(a) adj on 1040

    A 3115 form, a 481(a) adjsutment, overstated depreciation cause increase to iincome, where is the best place to show or put the adjustment in the tax return itself?
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    Where it originated. If Schedule C, then on Schedule C identified something like Section 481(a) adjustment.

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    • TaxprepP
      Member
      • Jan 2015
      • 73

      #3
      Originally posted by Lion
      Where it originated. If Schedule C, then on Schedule C identified something like Section 481(a) adjustment.
      Adjustment belongs to residental rental, schedule E.

      Comment

      • Lion
        Senior Member
        • Jun 2005
        • 4699

        #4
        Then Schedule E is your answer.

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        • TaxprepP
          Member
          • Jan 2015
          • 73

          #5
          Thought so. Thank you. Just wanted to make sure.

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