@socalpatrick5 the reason I suggested that you amend 2023 (you can file when ready -- it is by mail anyways ), is that then will carry forward the depreciation details for the 2024 return. The other way to do this is to essentially start 2024 with no depreciation details -- fresh start . Then tell it the details that this was purchased in 2023, and give the correct details about the cost, land value etc. It will recompute the depreciation schedule and apply the amount for 2024.
Then you can go back to amend the 2023 , just update the allowable depreciation ( computed by 2024 ) for 2023. That would also work.
My assumption here is that you are using download for both 2023 and 2024 i.e. everything is on your machine.
A thing to note -- if the actual taxable income on your amended 2023 return is pretty much the same as the filed return, you can forget about filing an amended return. ( it costs IRS quite a bit to process an amended return.
Is there more I can do for you ?
