- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I do dig staying consistent with prior year returns but at the same time the correct amount is the correct amount.
I would adjust prior years depreciation to what it actually was while making sure that the basis for the sale has been corrected to include every penny that I could prove I had spent. This is the fair and actual calculation that should be done and it is the way your tax return should show it.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 21, 2023
8:06 AM