bad4na2
New Member

Investors & landlords

I understand that I should have file the depreciation from the beginning.  Also understand that IRS would calculate depreciations even if I didn't file for depreciation when my property is sold.   So my question is can I forfeit the depreciation of prior years and start new?  I know I would be at a loss for not thaking the prior years of depreciation deduction.  If yes, do what do I put for pior years of deduction amount?