Thanks for the quick response! Can I file Form 3115 within my TurboTax return and does TurboTax guide me through it, or do I need to handle it separately via CPA or something.
Also, since I’m not selling my house right now, can I just correct the value in the Asset Entry Worksheet as you suggested and skip Form 3115? The difference is pretty small—$2,400 in depreciation before the correction vs. $2,100 after.
One more clarification: Should line 4 of the Asset Entry Worksheet definitely include both land and house value? The note next to line 4 says, “Include land for asset type I, J, or M,” but I believe mine is H—a residential house with a home office. Just want to be sure I’m entering it correctly.
