The information I entered into Turbo tax as a new asset in 2018 did not transfer to the 4562 form, so I did not receive any depreciation for that year or any year after, because the information did not show to carry over.
From the research I have done, you are correct, I need to fill out Form 3115 with the depreciation adjustment to recoup the depreciation missed for all years, on this return.
I did find instructions on how add 3115 form and partial instuctions on how to fill it out, but it is a diffult form to understand.
I also want to know if I add the asset to this years return, will it take into account the past 6 years and recalculate to continue depreciating for the next 21.5 years.
Thank you for responding.
