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.

 

See https://taxexperts.naea.org/expertdirectory