Rental property was given to me as a gift. While setting it up in Turbotax, new asset/rental, under "Tell Us More About This Asset" I've mistakenly selected "I purchased this asset new" instead of "None of the above". Dumb, I know. Considering you have 'new' in bold and Learn More link right next to it explaining what to do. Nevertheless, in my case Depreciation deduction stays the same regardless of the selection. I wanted to amend filed federal, but there is nothing for me to correct/fix on that Form 4562 - Depreciation and Amortization. How would you go about it? Should I even bother? Thx.
