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Retirement tax questions
If you failed to take depreciation deductions for two or more consecutive tax years, then you need to file Form 3115 and make a Section 481(a) adjustment.
See https://www.irs.gov/instructions/i3115#en_US_202212_publink100035791
The form is rather complex and you should seek guidance from a local tax professional.
‎October 10, 2023
8:50 AM
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