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.