In reviewing my farm rental crop checks where the farmer has subtracted off the cost of replacing dead trees with new ones he sells me, I forgot to claim depreciation on some of the past years. Can I now enter them on this years tax return? What length of time should I specify given they have been in the ground growing already, some up to 10 years now? Can I still claim 10 yrs for all of them or do I have to subtract how long they have been in the ground?
So a more succinct way to state it... how do I handle this situation?
