@Primobabe wrote: My thought -- file Form 3115 to correct the missing depreciation expenses AND add them to the suspended PALs. Is this ok?
My thought -- file Form 3115 to correct the missing depreciation expenses
AND add them to the suspended PALs. Is this ok?
Yes.
No, the §481 adjustment from Form 3115 will go on Schedule E as an "other" deduction.
