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Ask Dr. Fiona Chen Your Own Question
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 482
Experience:  Former IRS Revenue Agent
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I am looking for an updated version of this form revision

Customer Question

I am looking for an updated version of this form revision 12-2015 filled out
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: the form on the site is outdated - and has been updated.. same IRS 3115 - but with new revision date. Is there a filled out sample available
JA: Is there anything else the Accountant should be aware of?
Customer: no
Submitted: 1 year ago.
Category: Tax
Expert:  ABC Accounting Group replied 1 year ago.

Even if the debt was forgiven or excused involuntarily, as through a foreclosure, you normally will receive a year-end statement, Form 1099-C, Cancellation of Debt, from your lender. By law, this form must show the amount of debt forgiven and the fair market value of any property foreclosed.

The taxability can be found on the following website with examples:

https://www.irs.gov/uac/home-foreclosure-and-debt-cancellation

Hope this helps.

Customer: replied 1 year ago.
This is not what I was looking for = I am looking to file form 3115 since I never depreciated the rental property. There are sample forms of a completed document in your online library showing how to complete the form - yet the form was REVISED 12-2015 which is what I was looking for .. a sample of a completed form .. which fields to skip.. etc.. as in previous versions of samples
Expert:  ABC Accounting Group replied 1 year ago.

Sorry - another question popped up on the system - system error.

Instructions:

https://www.irs.gov/pub/irs-pdf/i3115.pdf

The form:

https://www.irs.gov/pub/irs-pdf/f3115.pdf

If you need samples, I can defer this to another expert who may have a sample?

Customer: replied 1 year ago.
this is pretty sad.,. I provided you with the form #/solution for my issue... and you give me links I already have.
I am looking for a sample of a completed document
Expert:  ABC Accounting Group replied 1 year ago.

We do not have samples on the site, unfortunately. I will opt out an transfer you to another expert, who may have some sample of a completed document. Thank you for your patience.

Expert:  Dr. Fiona Chen replied 1 year ago.

Dear Customer,

This website link is to a 2016, most up to date, form 3115 line by line with sample information, educational, professional seminar. It belongs to the California Society of Enrolled Agents' 2016 Super Seminar. I don't have copy right. Therefore, I cannot download and send you a copy.

I don't think the law preventing me from sharing the information with you. This is a good, informative source for your need.

http://www.csea.org/wp-content/uploads/Session-10-Correcting-Depreciation-Form-3115-Line-by-Line-Handout-Ihm.pdf

Regards,

Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP