Reporting Missed Depreciation on Form 3115 On-Demand Webinar


Missing depreciation is more common than we would like to admit. The most common occurrence of miscalculated or missed depreciation is on rental properties. This webinar shows how to properly calculate depreciation, how to correct miscalculated or missed depreciation on rental properties and other business assets, and how to calculate the related §481(a) adjustment. Additionally, we will tackle completing Form 3115, Application for Change in Accounting Method, using commonly seen examples.


Upon completion of this course, you will be able to:

  • Identify when correcting depreciation can be reported on Form 1040-X, Amended U.S. Individual Income Tax Return, instead of Form 3115
  • Calculate the §481(a) adjustment
  • Summarize how to report positive and negative §481(a) adjustments
  • Prepare Form 3115

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.


Presented by: Genaro Cardaropoli, CPA

eweb keepalive image