Thank you for the response.
I made an error in depreciation for 2018, 2019, 2020. Does this mean I can amend those three years? I heard about form 3115 being needed if a change needs to be made prior to 3 years. I then hear about the "2 year rule". I am confused as to when the 3 years back start. Essentially, I did it incorrectly for 3 years straight and was wondering if I need form 3115 or it is just a simple amendment?
Thank you.
"The use of an incorrect method of depreciation, which would include taking no depreciation, is considered the use of an incorrect accounting method. Once an incorrect accounting method has been used for two years, a Form 3115 is required to change accounting methods back to a correct method, or in this case, since not taking depreciation is incorrect, to begin taking depreciation a Change in Method Form 3115 must be filed."
