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Rental Property Depreciation - Correcting cost basis and depreciation for 6 years
I have discovered that the original cost basis for the condo apartment was entered incorrectly in 2014. The tax preparer did not include mortgage, which made the cost $120K instead of $380K. It there a way to correct it for the past years and going forward?
Thanks in advance
‎January 9, 2022
9:29 AM