Investors & landlords


@kcampion wrote:

...I was allowed depreciation of 59,748 but actually took 41,060, how exactly do I rectify this?


File Form 3115 (it is a Section 481(a) adjustment), which is not a DIY endeavor; you should seek guidance from a local tax professional.

 

See https://www.irs.gov/instructions/i3115#idm140516453720416

 

https://taxexperts.naea.org/listing/service/individual-tax-preparation