Yes, you need to file Form 3115 and adopt a change in accounting method: This option allows you to go back as far as you need. Make the adjustment on your current year tax return to expense the missing depreciation.
- Why am I adopting a change in accounting method? Not claiming depreciation in two or more years indicates that you've chosen an accounting method without depreciation. In this case, you must now elect to change your accounting method to include depreciation.
See this post for complete instructions: What should I do if I didn’t take depreciation on my rental property?
@Luna36
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