DianeW777
Expert Alumni

Investors & landlords

It depends on your comfort level.  Form 3115 used to be a bit more confusing and complicated, however the article now helps to take your through the steps easily.  The IRS allows this action to eliminate amendments and allow you to 'catch up' for any depreciation you missed by mistake. 

 

It's up to you if you want to utilize it and move forward. You have the option of amending 2022 and 2023. Tax year 2022, must be completed by April 15th and you have more time for 2023.

 

@gulsheenk 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"