I've never depreciated my business assets in the nine years that I had my business. Can I depreciate them on this years taxes?

posted

Connect with an expert

1 Reply

I've never depreciated my business assets in the nine years that I had my business. Can I depreciate them on this years taxes?

Yes, file form 3115 change of accounting method on depreciation to recover the missed depreciation.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post