Thank you for your response Mr. Mike... I don't mean to disrespect your answer, but I guess I did not explain myself in my original post...
I understand the concept of Sec 179 and NO .. I did not make a Sec 179 election when I depreciated my Rental Properties a couple of years ago when I placed them in service.. They were depreciated the simple way (SL).. but later (recently actually) I found out about using a Cost Segregation Study to depreciate my rental properties much faster and since I did not apply any Bonus Depreciation in Year 1 (when I placed the properties in service); I would like to make that correction on this year's tax return BUT I DON'T KNOW WHERE TO APPLY THE CORRECTION. I know I have to attach Form 3115 to my return, BUT THE ADJUSTMENT, ... that's my problem... where do I input the corrected (catch-up) depreciation?.. and What method do I use?... Do I still need Form 4562?... Thank you once again for your cooperation... SEMI
