You are way more knowledgeable than most of accountants. Thank you so much. I totally understand.
By depreciating correctly, I estimated it saves me $2K tax because it increased my rental expense even though increased my capital gain for home sale (which I can offset). Am I thinking correctly?
And do you think I can avoid amending 2018 tax return by recapturing the depreciation for 2018 and add that depreciation amount to 2019 depreciation amount and filing all together in 2019 tax return? Or it is too messy?
And if I must amend 2018 tax return, must I submit 2018 amend before filing 2019 tax return?
I so look forward to hearing your wisdom every time. I can't thank you enough seriously. You are my life-line.
p.s. Oh, yeah, I should post a separate subject line so others can benefit from your responses.
Warm Regards,
Maureen
