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Investors & landlords
I think you mean that you want to claim no depreciation in 2020 and 2021 to make up for the excess depreciation you claimed in previous years. You are not allowed to do that, as the excess depreciation should be adjusted in the years that it was taken, by amending those tax returns. In 2021 you should claim the depreciation that is applicable to that year.
If you have a sufficient gain on sale of the property to absorb the excess depreciation, you could report that actual depreciation deducted when you report the sale of the business, as there is no practical way of going back fourteen years or so to amend returns. That way, you will add the depreciation as ordinary income in the year of sale and you will have accounted for the excess depreciation deducted.
Another option would be to amend the returns you can amend in TurboTax, going back three years, and report the excess depreciation for the other years when you report the sale of the property.
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