tina160
Returning Member

Investors & landlords

Hi Carl,

    Thanks for your reply.

    Could you please read my post today?

    How do you explain the TT distribute my depreciation to 37 years?

    

    I understand I couldn't do the amending now. But it's too late to find a CPA to help me file Form 3115 for this year. What should I do now?

    1. File depreciation in 2019 tax return. Then put "Amount of Depreciation Taken in Prior Years: 0"

        That will distribute the depreciation to the following 37 years.

    or 

    2. Don't file depreciation in 2019 tax return. 

        File Form3115 to rectify this situation next year (2020 tax return).