3115 for 2 properties?

[Possi]

New client never depreciated 2 of his rentals. He has a new 3rd property this year that I will depreciate properly.

My question is this, must I do separate 3115s for each property?

I don't see why I can't combine the figures for the 481 adjustment on the 3115 and divide them on the Sch E on each property as long as they add up. 

 

[Possi]

Also, the instructions say to mail with the tax return, so the return must be a paper return, and mail it to a second address. 

I didn't know I couldn't efile the tax return, but it makes sense. 

I'll be sending this on a wing and a prayer! 

[Lion EA]

In a course I took, the handout said

Software not always capable of filing electronically – attach as .pdf

Returns including a 3115 can be filed electronically, but many software packages do not have this capability and require that a .pdf copy of the Form 3115 be attached to the return. (This .pdf copy does not have to be signed. It is considered signed because it is attached to a signed return.)

2 copies must be filed – Ogden address correction

A second copy must be sent by mail to Ogden (even though some software package instructions incorrectly say otherwise). That copy cannot be filed electronically...The Ogden copy must be filed no later than the date the taxpayer files the original Form 3115 with the federal income tax return.

[Catherine]

The 3115 asks for totals, so I should think that one for the both will work - just be sure to add the correction for each, in separately to both properties.  Yes, attach pdf of 3115.   Mail 2nd copy to Ogden.