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Investors & landlords
see a professional. you really haven't provided enough info for us to tell whether or not the rental was eligible for depreciation. did you rent below FMV? did you rent to family or friends? during any year did you use it personally? in the event you qualify you need to change your accounting method for depreciation which requires the filing of form 3115. many people do not attempt to do it themselves.
‎September 17, 2021
10:29 AM