Investors & landlords

Unfortunately, the TurboTax Help article is not entirely accurate. 

 

If a taxpayer uses the same impermissible method of determining depreciation in two or more consecutively filed tax returns, amended returns are not allowed.

 

See https://www.irs.gov/publications/p946#en_US_2022_publink1000107386

 

Rather, a Section 481(a) adjustment must be made on Form 3115.