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Level 1
February 19, 2023
Question

Form 3315

  • February 19, 2023
  • 2 replies
  • 29 views

Hello,

I have Turbotax Business, which I downloaded after buying it from Costco.  I have to file form 3315 to use bonus depreciation.  I switched to forms mode, then selected open form.  When I search for form 3315 it does not show up.  Is this option supported?

 

Thanks.

2 replies

Level 15
February 21, 2023

TurboTax does not support the preparation of IRS Form 3115.  

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Level 15
February 22, 2023

Are you referring to Form 3115?  And are you trying to correct a mistake in prior year? 

 

Form 3115 is not required to claim Bonus depreciation for an asset that was "placed in service" in the current year.