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Fixing depreciation

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    Fixing depreciation

    I know that there is a defined procedure to correct depreciation expense and claim it all in the same year. Does that mean that it is the only option?

    Taxpayer didn't report rental activity at all in 2009 and 2010.......... I'd like to amend the returns and do it properly including taking depreciation in each of those years.

    #2
    Amend. That would be the right way to do it because it wasn't on the return at all.
    JG

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