Thanks. SO here is my follow up. Obviously I dropped the ball by not claiming depreciation over the last 8 years. Not sure why Turbo tax never prompted me to, but that's another issue. Now that we've sold the house, should I go back and file a 3115 for change of accounting method and file amended returns for as far back as allowed? Is it worth the time, effort, and accounting fees to reduce my rental income? Looking back over my previous tax returns, by claiming depreciation we would have had a loss every year.
