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I completed Form 3115 for 2021 return to adjust depreciation. In TT 2022 it still imports incorrect depreciation and not the newly adjusted depreciation.
Does anyone know if i need to file Form 3115 every year? Or can i manually adjust in TT the depreciation value since Form 3115 already filed?
Also is this a bug in the TT software? it did prompt me file a change of accounting method but should it not have detected the previous years value during import?
Also is this a bug in the TT software? it did prompt me file a change of accounting method but should it not have detected the previous years value during import?
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‎April 3, 2023
6:29 AM