Investors & landlords

Thanks for the detailed response!

 

>In order to enter the asset exactly as it has been reported in the past, choose

>the last option on the list, Intangibles, Other Property, then click Continue.

 

The asset currently exists with the incorrect depreciation schedule. Is the idea to create a new one, and delete the old one?

 

>You will eventually come to a screen to confirm the Prior Depreciation, enter the data and click Continue.

 

What are your thoughts on what I should enter here?

How would this be impacted if I later amend my prior year taxes?