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Form 3115 - "Address" and "Tax Year of Change" - Verify default values from TurboTax Desktop
Hi All,
I know TT Desktop is smart 🙂 however I only want to double check on below 2 (probably simple) questions because the "form 3115" is not automatically supported by TT in step by step mode and like other questions on this form, a manual override might be needed.
Question 1 - TT Desktop is currently automatically taking my current address, which is not my rental property address, in the Address section. Is it correct?
Question 2 - Since I am submitting 3115 (using DCN# 7), what should be the "Tax Year of change begins"? TT Desktop has it automatically as 04/01/2024. Should this be 2023 since that's the year we are requesting the change in accounting methods? If it's 2023, what is the month and date?
‎March 24, 2024
3:06 AM