Question
Amend return for incorrect business use/depreciation
Hello, while working on my 2024 return I realized that the Business use percentage for my rental property on my 2023 return is incorrect and that the asset depreciation was calculated at 50% business use instead of 100% (consequently I took a much lower depreciation in previous years). How do I fix this for previous years (2023 and earlier)? Or do I just change the Business use for 2024 to 100% so it will be correct going forward?
I appreciate your help with this. Thankyou
