Thanks, Amy. I tried on their website to file an amendment and it looks like they only allow amending a 2021 return because it goes straight to that with no option to pick a different year. I think I will just do it manually because I think I understand depreciation reasonably well and the 1040-X form only seems to require updating the bottomline figures, which I can calculate for myself (the only thing that changes is the rental losses from Schedule E). So I will just have to include an amended Schedule E with corresponding sub-forms with my 1040-X and I should be good to send that in, correct?
Does it matter that I am submitting the 2021 taxes digitally with the new value for land value while the 2020 amendment will be in processing? They won't know I have amended my 2020 return by the time they receive my 2021 return...
Shayan
