You can amend your previous tax returns for up to three years.
- You can file back to 2020, but you must file it by 04/15/2024
- You can also file 2021 and 2022, but you have at least a year to do it.
- However. If you owned a depreciable asset before 2020 you must calculate the earlier years depreciation.
- You will not be able to take advantage of the pre 2020 depreciation.
- You will still have to claim it upon sale as depreciation recapture.
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