7dSEypIc30
Returning Member

Deductions & credits

I am in a similar situation where I have couple investment properties with missing depreciations.  Following a similar advice I did an amended return for 2019, but later realized that I should be doing form 3115 instead along with my 2020 tax returns.  After some reading (including this forum which was very useful) I am ready to submit 3115 with my 2020 returns (claiming all missing depreciation through and including 2019), however not sure how to handle the amended returns for 2019.  I sent it over a month ago but IRS still does not have any information on this.  I am inclined to just go forward with my 2020 return (including form 3115) .  As I understand there's no way to cancel the amended return once you sent it to IRS, does anyone know how to best proceed?  Thanks all!