Instruction 8866 (Rev September 2005) - Internal Revenue Service-2026

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  1. Click ‘Get Form’ to open Instruction 8866 in the editor.
  2. Begin by entering your User ID and adjusting the leading margin as needed. This ensures your document is formatted correctly.
  3. Fill in your name and identifying number at the top of the form, ensuring accuracy for IRS processing.
  4. Complete the sections regarding property depreciation under the income forecast method, detailing any additional costs incurred after placing the property in service.
  5. For each recomputation year, enter relevant tax year information and adjustments to taxable income based on depreciation changes.
  6. If you owe interest, attach Form 8866 to your income tax return. If expecting a refund, file it separately with the IRS.

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