About LM2020

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Re: 481(a) adjustment, wrong depreciation taken

Thank you.

LM2020

Updated Apr 08, 2021
Re: 481(a) adjustment, wrong depreciation taken

Thank you. Since it was impermissible method of depreciation for over two years, I understood it as a "adoption of an accounting method".From Pub. 946:How Do Yo...

LM2020

2

Updated Apr 08, 2021
Re: 481(a) adjustment, wrong depreciation taken

Thank you. Unfortunately, the wrong depreciation started on the return prepared by a professional. The land value was not accounted for and the depreciation was...

LM2020

4

Updated Apr 08, 2021
Re: Depreciation on a building built in 1979

Great, thank you so much!

LM2020

Updated Feb 18, 2021
Re: Depreciation on a building built in 1979

I am sorry - it is a rental - it had different tenants. Bought in 2006 with a tenant already there. New tenant since 2007.

LM2020

2

Updated Feb 18, 2021

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Date Registered	‎April 7, 2020 11:21 AM
Date Last Visited	‎April 11, 2021 3:45 PM
Total Messages Posted	10
Total Cheers Received	1

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