Investors & landlords

Thanks for your advice @DianeW777.

I found for the STRUCTURE, in fact CPA has been actually reporting the depreciation value of $6364 which was as if the whole house was rented out (first month was prorated). Which was why a big passive loss carryover over the years.

Now, if I change the start date from 2013 to 2020, the annual depreciation will be smaller as it will be another 27.5 years instead of remaining 17.5 years from starting on 2013 as CPA did.

What are the pros/cons?

If I just keep the starting date as 2013, it means my depreciation will end earlier in 2040. My depreciation will be converted as passive activity loss carryover? What do I lose if we sell house before and after 2040?

Amending the previous returns seems too complex for us. 

Thanks!

ZQI