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Rental property depreciation not claimed in previous years, how to fix/claim for 2019?
I have a house # 1 we purchased in 2009. In 2014 we bought a new house #2, moved, and converted house #1 to a rental. Looking at my TurboTax records from 2014 I was not taking or calculating the depreciation. I didn't know about it, but kinda miffed TurboTax didn't educate me/help me. We plan to hold on to the home as a rental. Can I start taking the depreciation for home #1 in 2019? Do I have to amend previous years? if so, which years?
Thank you,
Alex
‎July 11, 2020
2:31 PM