I entered some equipment purchases for my rental property as Special Depreciation Allowance deductions in prior years.
Intuit accepted the options I put in, but now I see that there was no depreciation reported for those purchases on the current AMT report. Do I have to file amended returns for all the years where those purchases occurred?
I also have a Section 179 election amount that was disallowed and is now a carryover to this year. I'm not going to be able to use it, as I don't have a profit this year. Is my only option to wait until there IS a profit, or do I have to file an amended return to put it on a regular depreciation basis.
