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Business & farm
You do need to file Form 3115 to recapture the depreciation that wasn't claimed annually. Mike9241 is absolutely correct about this. This form is available in TurboTax, but it is the form only without calculations or guidance. Form 3115 is used to report a change in accounting method and is best prepared by a CPA or EA.
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‎February 2, 2021
1:52 PM