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Investors & landlords
If you received it as a Gift, you received the giver's Basis. You need to find that out.
Are you saying you did not claim depreciation for 2014 and 2015? If so, that needs to be corrected by the long, complicated Form 3115. TurboTax does not support that, so I would recommend going to a tax professional that is experienced with catching up on depreciation using Form 3115.
Are you saying you did not claim depreciation for 2014 and 2015? If so, that needs to be corrected by the long, complicated Form 3115. TurboTax does not support that, so I would recommend going to a tax professional that is experienced with catching up on depreciation using Form 3115.
‎June 5, 2019
3:27 PM