Returns can be amended back 20 years?
Don't know for a fact that's true. But any amending done more than three years back that would result in additional refund, will not be paid to you. There's a three year statute of limitations on that. But, if amending causes you to owe more tax, then you still have to pay it, alone with interest and penalties.
house and land were done correctly originally i believe
I understand where you're coming from. Unfortunately, the IRS doesn't work on what we believe. Only what we can prove.
i have 2001 return but accountant did not give me the amortization schedule only the schedule E
showing total of depreciation for that year
Are you saying you have the IRS Form 4562 for that tax year? I would expect you to have two of those for that property, and they both print in landscape format. One is title "Depreciation and Amortization Report" and the other is "Alternative Minimum Tax Depreciation".
If you have only the first one, I can work with that to give you numbers that you can work with to help you determine your best course of action on this. However, if you scan it in to post as an attachment here, make absolutely certain you black out all personally identifiable information on the form, such as your name, property address, SSN and anything else a troll would find useful.
