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Amending depreciation

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    Amending depreciation

    I am amending 2008. Previous tax pro didn't take deprec correctly and didn't take 179 deduction, when it would have been to the taxpayer's advantage. I want to fix and probably just write off all the assets purchased in 2008. Do I just do a 1040X, put in a new 4562 and explain what I did? or do I need elections? any other attachments or forms?

    #2
    JenMO,

    It sounds to me as though you would not need to make any additional elections (other than 179, of course) nor would you need any attachments.

    But i'm interested to see if others on this board see anything else.

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