Anonymous
Not applicable

Deductions & credits

@Carl 

 

Thank you. I have had not right depreciation for past 3 years. It means no option to amend 2020, 2021 and 2022 but only to file IRS Form 3115? 

 

Could you advise what this IRS Form 3115 will essentially fix and what "fines, penalties, late fees, interest and back taxes" and "additional costs really kick" will be there at the time of house sale if not done properly now? 

 

@DianeW777  - I would appreciate your advice as well.