About ehoffman1

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Solved Re: Calculating basis when converting Single Member LLC to be taxed ...

The $10,000 basis came from reviewing my 1040 Schedule C's for the last 10 years.I used my initial contribution and then added/subtracted any profits/losses rep...

ehoffman1

1

Updated Mar 18, 2025
Re: Can I change accounting methods to a Safe Harbor expense after t...

@Opus 17@Mike9241Just following up. It doesn't seem to change the depreciation calculation if I indicate that the current rental asset is used 100% instead of 5...

ehoffman1

Updated Sep 20, 2024
Re: Can I change accounting methods to a Safe Harbor expense after t...

@Opus 17@Mike9241I appreciate your responses and sounds like using Form 3115 is NOT what I should to do. Also, sounds like I missed the boat to take Safe Harbor...

ehoffman1

3

Updated Sep 20, 2024
Re: Can I change accounting methods to a Safe Harbor expense after t...

M-MTax,See my response below. I thought you could use Form 3315 for both permissible and impermissible accounting changes.Thank You

ehoffman1

1

Updated Sep 20, 2024
Re: Can I change accounting methods to a Safe Harbor expense after t...

My understanding is Form 3115 is used to Change the Accounting Method, including changes to both impermissible and permissible accounting methods depending on t...

ehoffman1

Updated Sep 20, 2024

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Date Registered	‎August 19, 2024 1:55 PM
Date Last Visited	‎March 20, 2025 1:54 PM
Total Messages Posted	7

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