- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I have not taken any depreciation on my single family residential rental property. Last year we hired a CPA. He was supposed to catch up the years from 2005-2023. He amended 2021/22 for 2 years depreciation and took a single year depreciation for 2023. Won't be going to him again. This year I will take the yearly depreciation. I read that I need form 3115 to take the 15 years of depreciation. Unless I sell this property, this could be a moot point. But I'd rather be in compliance.
I need to now catch up the years 2005-2020 (15 years). Can this be done?
‎January 13, 2025
11:02 AM