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New Member
posted Aug 6, 2024 3:20:01 PM

Correcting incorrect depreciation from previous tax year 1065

The cpa who was doing taxes for the partnership for the first two years of business basically disappeared last year - no responding to calls or email - so I filed 2022 business taxes right before the extension period expired. He finally sent over one 2021 depreciation form recently, and there are some differences in his form vs what I was able to recreate prior to filing.  I am thinking that I need to go back and amend 2022 depreciation info,  send out revised K-1s to the partners and have them amend their personal returns, and then update the 2023 return in progress (filed an extension while I tried to get additional info from the cpa)? Or should I just put in the correct information in the 2023 return with the placed in service information, correct the previous depreciation numbers and go forward?  Unfortunately when I try to hire a new cpa they won't meet with me until I get all schedules and worksheets from the previous cpa, and I have been unable to get that information from him. Thanks for any insight.

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3 Replies
Level 15
Aug 6, 2024 5:23:34 PM

What kind of differences and/or to what were the differences attributable?

New Member
Aug 8, 2024 8:59:58 AM

The differences - 27.5y category 30K for a rental property were claimed in 2021 but not 2022 (2023 has an extension). I was told after the September extension filing deadline that the cpa would not be filing for 2022 and he would not reply to any calls/emails, so the filing was rushed. I still can't get him to provide any of the supporting worksheets other than the one depreciation page he sent recently.

Level 15
Aug 8, 2024 9:26:39 AM

You can amend your 2022 return (and probably should) before you file your 2023 return.