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