- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@Taxd78 wrote:
...By filing 3115 and correcting the cost basis on my return for this year, can I claim the deductions that I missed on all the previous years that I did not claim it?
Yes, you make what is called a 481(a) adjustment for the foregone depreciation.
‎April 24, 2021
4:43 PM
357 Views