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Investors & landlords
@Vanessa A wrote:
When you choose not to take it or accidentally leave it off, it does become slightly complicated having to fix not taking it.
What should I do if I didn’t take depreciation on my rental property?
That does not apply if a person starts taking depreciation (in the first or second year), then quits claiming depreciation. In that scenario, it can only be corrected by amending.
March 3, 2025
5:31 PM