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Level 1
posted Feb 10, 2024 4:50:40 PM

Form 3115 needed? Can I file electronically?

I'm an individual l taxpayer.  I've used the accrual method for years to report interest on I bonds.  I now want to change to the cash method.  As I understand it, I don't have to file Form 3115, I can attach a statement which includes a number of things including a promise to report all interest going forward or when cashed.

 

Can I file electronically using desktop Desktop Deluxe TT if I attach a statement?  If so, how do I attach a statement?  If not, can I file electronically using Form 3115?

 

Thanks.

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1 Replies
Level 15
Feb 10, 2024 5:01:59 PM

@moondancer wrote:

Can I file electronically using desktop Desktop Deluxe TT if I attach a statement?  If so, how do I attach a statement?  If not, can I file electronically using Form 3115?

No, you will have to print and mail the return unless you use Form 3115, but note that a separate copy needs to be signed and mailed to the IRS.

 

See https://www.irs.gov/instructions/i3115#en_US_202212_publink63215hd0e217