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Investors & landlords
Thanks for these same day answers. As I said above, neither the adjusted basis for the purchase or the sale price was very high, so I'm thinking about just doing the manual calculations on depreciation to add to the adjusted sale basis. I can look into amending previous returns after that.
All other things being equal, does the IRS mind if I didn't take the allowable depreciation as long as I include it for adjusted sale basis now?
All other things being equal, does the IRS mind if I didn't take the allowable depreciation as long as I include it for adjusted sale basis now?
‎June 6, 2019
1:29 PM