The rule for calculating your gain and depreciation recapture requires you to included depreciation taken or eligible to be taken. If started renting the property within the last couple of years, filing amended returns would not be a bad option. There is a better one, and that is to file Form 3115 - Application for Change in Accounting Method with your 2023 return. However, Form 3115 is complicated. I don't recommend you do it yourself. I would seek the help of a tax professional. You can use TurboTax Live , or find a local tax practioner with experience filing Form 3115. For more information on TurboTax Live go to Live Full Service
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