NGJ
New Member

Investors & landlords

Thank you for quick response. Does Form 3115 only cover for previous year's missing depreciation? I don't quite understand this form. Also, if file form 3115, may I still start claiming rental property depreciation on my 2016 tax return and continue claiming in the future ? My property was put in rental service in Oct 20, 2010, so I missed quite few years of depreciation.