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Level 2
posted Feb 1, 2021 8:04:49 AM

form 3115

I have done about 80% of my return online using "Premier".  I discovered that I need to use Form 3115 due to an error in depreciation years by my CPA in previous years.  Do any of the online Turbotax programs allow for form 3115 or do I need to buy the download/CD business version. If I need to use the download version is there a way to transfer what I have entered so far?

thanks

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1 Best answer
Level 15
Feb 1, 2021 8:58:02 AM

You will have to purchase a desktop version of TurboTax for Form 3115 and, basically, start over with that version.

 

However, even with the desktop versions, Form 3115 generally needs to be prepared in Forms Mode (there is virtually no guidance in terms of making entries). As a result, you might be better advised to seek guidance from a tax professional to prepare this form.

3 Replies
Level 15
Feb 1, 2021 8:58:02 AM

You will have to purchase a desktop version of TurboTax for Form 3115 and, basically, start over with that version.

 

However, even with the desktop versions, Form 3115 generally needs to be prepared in Forms Mode (there is virtually no guidance in terms of making entries). As a result, you might be better advised to seek guidance from a tax professional to prepare this form.

Level 2
Feb 3, 2021 7:50:42 PM

thank you. can I efile form 3115 with the desktop version?

Expert Alumni
Feb 3, 2021 8:00:35 PM

Yes, type   3115   into the search

 

Use Form 3115 to request a change in accounting methods.