in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
2423484
You'll need to sign in or create an account to connect with an expert.
You can amend your 2018 return to remove the $14,500 expense for depreciation from that year. If you do that, however, it will increase your income by the same amount for that year. It will result in owing taxes for that year that will have significant penalties and interest because they will be considered three years late. You have a lot on your plate getting caught up with the last three years. Not sure you have any need to add to the burden.
Sorry about your husband. Good luck.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Binoy1279
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
RE-Semi-pro
New Member
rebeccaspann2011
Level 1
erica4912
New Member
justine626
Level 1