Taxpayer Info
Property Details
Mid-Quarter Convention Detected
Property placed in service: 11/15/2024 (Q4)
If >40% of total property basis was placed in service in Q4, the mid-quarter convention will apply (not half-year).
This affects depreciation calculations for all assets.
System testing applicability...
$
Method ChangeDCN 244
Section 481(a) Adjustment
Net Adjustment Amount
-$1,850,000
Negative adjustment reduces taxable income in current year.
Should Have Taken
Calculated via Cost Segregation
$2,150,000
Actually TakenEDIT
From prior tax returns (Accountant Input)
Form Preview
Full Screen
StatusDraft
Form3115 (Rev. 12-2022)