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Investors & landlords
My mom wanted to save money and switched to do her own taxes. The program did not ask her about depreciable assets or anything like that so no depreciation has been claimed since 2017
What program did your mom use? I ask, because some tax programs (including turbotax) will figure depreciation "in the background" and not bother the user with the details. So how do you know for a provable fact, that depreciation was or was not taken? I see posts like yours several times each year, and sometimes it turns out depreciation was taken, and the tax filer did not even realize it.
May 27, 2022
8:13 PM