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Level 2
February 26, 2025
Question

Correction of too much depreciation on rental property in prior year

  • February 26, 2025
  • 1 reply
  • 6 views

Client has a rental 50% rental 50% personal the first two years the depreciation was calculated off the total basis not prorated to 50%. How can I correct this without amending.

    This topic has been closed for replies.

    1 reply

    sjrcpa
    Level 15
    February 26, 2025

    Did they deduct it?

    Or did it contribute to a passive loss which is being carried over?

    The more I know the more I don’t know.
    rwalfordAuthor
    Level 2
    February 27, 2025

    It was deducted