kesnerb
New Member

Investors & landlords

I have sold my home in 2019, and reported depreciation for that year.    I also filled out a 3115 form with the help of an Intuit CPA to recapture depreciation (say X amt)  I failed to take in previous years.  This was a rental property.  On the rental income walk through where they ask about the sale,  do I specify X amt on previous years depreciation or leave it at 0.  If I specify X then it taxes me on the previous years, even though I didn't take the depreciation.  

 

Form 3115 says it is used to fill out 481(a). I'm not sure what a 481(a) is, still looking for it.