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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).
‎October 15, 2023
8:34 AM