- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
The article referenced doesn't address my situation.
a) I didn't have a change in accounting method.
b) I am not going to file amended tax returns for such a small amount. I made minor math error mistakes in claiming depreciation that actually I claimed $1450 less than should have over a 10 year holding period. I will assume that the total accumulated depreciation actually used on my tax returns is what I am going to use for the disposal of the asset; capital gains calculations. An accountant will handle.
But do I need to do anything with the 2022 TT return, other than claim the appropriate (correctly calculated) depreciation?
March 15, 2023
6:55 PM