turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Cost Segregation study

In 2023 I paid to performed a cost segregation analysis on a rental home.  Do I need to purchase TurboTax software to allow me to complete the required forms? Example, 3115 from.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies

Cost Segregation study


@jroy991 wrote:

Do I need to purchase TurboTax software to allow me to complete the required forms?


TurboTax only supports Form 3115 in Forms Mode and Forms Mode is only supported by the desktop products. Regardless, the form is somewhat complex and you should seek guidance from a local tax professional.

 

 

See generally https://www.irs.gov/publications/p946#en_US_2023_publink1000107388

AmyC
Expert Alumni

Cost Segregation study

Form 3115 is available in the desktop version. I have another post with the steps needed and pictures of the screens to help you.

 

Follow these instructions to switch from TurboTax CD/Download to TurboTax Online or to purchase, see Turbo Tax Desktop comparison

@jroy991 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Cost Segregation study

The 3115 link doesn't work. Further, if it's the post I believe it to be, there are no screenshots of how to prepare the actual Form 3115.

RobertB4444
Employee Tax Expert

Cost Segregation study

When you say the form 3115 doesn't work what do you mean?  Is it not loading at all or not allowing you to enter information into it?

 

Here's the link with the instructions for the 3115.  You are correct, there are no pictures, but the information is pretty clear.

 

@jroy991 

@Anonymous_ 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Cost Segregation study


@RobertB4444 wrote:

When you say the form 3115 doesn't work what do you mean?


The link @AmyC posted doesn't work.

RobertB4444
Employee Tax Expert

Cost Segregation study

Gotcha.  Thanks.

 

@Anonymous_ 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question