Investors & landlords

Yes, however my advice would be to do it as soon as possible so that it's in by April.  

• Attach the original Form 3115 to the filer's timely filed (including extensions) federal income tax return for the year of change. The original Form 3115 attachment does not need to be signed.  
• About Form 3115, Application for Change in Accounting

And as tagteam included you can wait to file with your 2024 return.

• Instructions: What should I do if I didn’t take depreciation on my rental property?

I must make a disclaimer only in respect of the tax law. This has been tax law for many years, however it can always change without warning.

@CubsCarol 

[Edited: 02/19/2024 | 1:13 PM PST]