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Incorrect depreciation schedule selected last year. Can I fix it this year?
In 2021, I replaced a wall in the my rental unit (tore it down and rebuilt it because of termite damage). I incorrectly depreciated it like an appliance (instead of Residential Real Estate).
Should I update the asset in my TurboTax this year? Are there any concerns about doing this?
Topics:
March 15, 2023
8:44 PM