pat
Level 5
12-07-2019
12:07 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a follow up to this question - I have a new client who never claimed depreciation on her rental property. Can I claim depreciation on this property this year - not interested in recapture because property is now part of an estate - just want to claim this year's depreciation on final 1040. Is a Form 3115 necessary since depreciation on this asset has never been claimed before? Is it a change in accounting method? Thanks.