Form 3115 for more than one item

[TaxprepP]

I have several clients that will have 481(a) adjustments due to incorrect depreciation class life. Some with residental rental under wrong life and improvements under wrong life and many farms with equipment have incorrect life. Will each iitem require its own 3115?

[mactoolsix]

See the post Form 3115 and Rev Proc 2015-20

http://forum.thetaxbook.com/showthread.php?24962-Form-3115-amp-Rev-Proc-2015-20

[TaxprepP]

See the post Form 3115 and Rev Proc 2015-20
http://forum.thetaxbook.com/showthre...v-Proc-2015-20

Does not answer my question exactly. I know a depreciation adjustment is section 168. Can more than one asset depreciation adjustment be on the same form?

[Maribeth]

Yes. Calculate the entire depreciation adjustment on all assets and use one 3115 for that.

[TaxprepP]

Yes. Calculate the entire depreciation adjustment on all assets and use one 3115 for that.

Awesome! Thanks.
Need some guidence as I am getting confliciting stories. Would a well for a residential rental be a land improvement, depreciate 15 yrs or improvement depreciate 27.5 yrs? MACRS or sraight lline?