JohnB5677
Expert Alumni

Investors & landlords

Yes, you can claim it this year, but I do agree with surgerygalore that you should amend last years return.  

 

There is a thing called Depreciation Recapture.  Basically,  If you sell the property in the future  for a profit the IRS will add any depreciation back into your income weather you took it or not.

 

So, if you don't amend last years return, and you sell the property for a profit.  You will pay tax on money that you didn't get a deduction for.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"