Obaf
Level 2

Can I file form 3115 for 2023 instead of 2024?

Hello,

 

It turns out that I didn't take depreciation (or didn't take the correct amount) for a rental property purchased and placed into service sometime in 2018.

 

I understand I need to file form 3115. My income this year is much higher than last year.

 

Should I or can I

a) File form 3115 and amend last year's (2023) returns to bring my AGI to lower than 150K

b) File form 3115 and attach it to this year's tax (2024) return