Carl
Level 15

Deductions & credits

Are you a tax professional? If not, the 3115 is not simple by any stretch of the imagination. You should seek professional help on this. The cost of professional help is a pittance in comparison to the fines and penalties you will be assessed for both not taking the depreciation as required, and completing the 3115 incorrectly. If your state also taxes personal income, then you can double those fines and penalties.