Hello,
I forgot to claim depreciation on my rental property in years 2017 and 2018. What is the expected procedure to fix this issue now, so that I can claim the depreciation on previous returns as well as in 2019?
Do I just file amended tax returns for 2017, by adding the depreciation through Turbotax Software and filing the new 1040-X form? Then do the same (amend) for 2018, and finally file the new 2019 forms?
Is it necessary to do the form 3115, or just file the 1040-X Forms? My understanding seems to be that since no depreciation was taken for the 2 years, there is no change in accounting method as such - so no need for the form, but just file the amended returns. Is that correct?
