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Investors & landlords
You need to change the asset category and enter the correct prior year depreciation. That will result in the correct depreciation being reported going forward. Amending your prior year return will not affect your current year return or those going forward. The prior year depreciation you enter when you make your adjustment should be the depreciation that should have been taken in the prior years.
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March 20, 2023
3:01 PM
1,351 Views