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Investors & landlords
Hi, thank you for the reply.
I hadn't have the concept of property depreciation deduction before 2024 tax. I did use the deduction in my 2024 return. Now I want to augment for 2022 and 2023 to get my deductions (I would for all the previous years if I was allowed). Do you mean I can get all the previous 8 years' reduction? But I have to do it by fixing 2024 and then reclaim in Form 3115 in 2025 tax?
May 12, 2025
2:38 PM