I bought a residential real estate property in Jun 2019 and started renting it that month. I sold the property in Sept 2021. I missed taking depreciation for the property and instead only took depreciation for the asset improvements I made in 2019 & 2020, because I failed to enter the house itself on the list of assets. I will submit form 3115, DCN 107 to claim the missed depreciation.
Question: As I am currently preparing my taxes, do I go ahead and enter the property itself on the asset list in TT for 2021? And, in so doing, I would use the form 3115 to capture depreciation for 2019 & 2020 only?
Thank you.
