Deductions & credits


@fanfare wrote:

amend your return to use the "simplified method"

you still have time to amend a 2020 return for a refund.


If actual expenses were used, that would include depreciation deductions and those were taken on income tax returns for two or more consecutive tax years (2020 and 2021).

 

As a result, switching would (or at least might) be considered a change in the method of accounting which requires that Form 3115 be filed (in this case there would be a positive Section 481(a) adjustment).