I had purchased TurboTax Premier online for 2019 taxes. I was on the phone with someone from TurboTax last week who knew it was the online version, and I was told I could that since it was within 3 years I could just amend the taxes to account for the depreciation. I can't recall if I was supposed to download something. Would that work? I ask this because I do seem to recall reading something which mentioned using a special form to correct for failure to depreciate, but it also indicated I would not have to file the form if I amended the taxes within 3 years. Also, I actually know I won't owe taxes, so I did not actually file 2020 taxes even though I knew I eventually would. I have purchased the desktop premier version for 2020, so I really won't have to amend or file any special form for 2020, but I did not want to complicate the question. I'm just trying to figure out how to do it right. I also never expected to make a profit when renting, was really just trying to offset expenses, and I only rented a portion of each year, although continuously. Am I required to depreciate regardless of if I rent for profit or do not rent for profit. I don't know that perhaps in the future I might not begin to make a profit, but I believe even if I rent the entire year I will be unlikely to make a profit due to expenses.
