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Investors & landlords
You can still add and depreciate the asset. Use the correct date when the software asks when you put it into service.
The software will then indicate how much depreciation was assumed to have been taken in the previous years, and calculate this year's amount.
Keep track of this; i.e. keep track that you did not take depreciation in 2014 or 2015. You will need to know this if you ever sell or convert the property.
‎June 4, 2019
3:58 PM