Hello,
For 2019 tax year, the cost basis for a rental property was entered in ~$50k below actual costs and date of service is off by a few months. Land value is correct, though have always taken depreciation off the incorrect cost basis. Realized this error recently and filed for an extension. How do I correct this moving forward in 2023 taxes? Amend years 2020-2022 and take 2019 as a loss? Appreciate any advice.
