Hello
Does Turbo Tax support form 3115 and 481a or they provide this service with tax expert for the premium level?
I am having a hard time to find a good CPA who can do that for me. Either they don’t even know that depreciation needs to be recaptured on a rental property at the sale even if you never took it or they have no idea what form 3115 is.
I failed to take my depreciation over 10 years and now I need to do a catch up depreciation so I can post a loss and deduct if from gains attributable to depreciation recapture and ordinary income. Otherwise I will be in the hook for all the depreciation recapture tax for the tax benefit I never took , I need to offset it. I am losing my mind , nobody seems to be able to help me
