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Investors & landlords
From poking around it looks like I need to amend my last three years of returns correcting my return from 2021 forward by increasing the asset values appropriately. The others before 2021 I won't get to claim the depreciation although that depreciation we be assumed to have been taken when I sell the asset in 2024. Does this sound accurate?
Do I need to remove the old asset and create a new one with all the same information (corrected)? Or can I simply correct the old asset in TT?
‎February 16, 2025
3:49 PM