Got it. Will do. Thank you. Can anyone tell me if I thinking correctly about the process however? I will effectively file Form 3115 to pay back depreciation I d...
Thanks Mike. Is the relevant question then whether it is less expensive to pay back the depreciation on assets I never took a depreciation for, versus paying ta...
Thank you. I just did!https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-add-capital-improvements-to-principle-residence-[prod...
Thank you, and my apologies for any confusion. I mentioned depreciation because yes, the property has been used as a rental for the past three years. Prior to t...
Hi Gisele, if the house was not a rental property but rather one's primary home, can capital improvements from prior years (unreported on those years' tax retur...
