Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-12-2017, 10:09 AM
Junior Member
 
Join Date: Apr 2017
Posts: 1
Missed Depreciation on Rental property

HI,

We own a rental property which we first had for personal use and later placed in service for rent in June 2014.

We just realized that we missed claiming depreciation on this property for part of 2014 and entire 2015.

I know we need to file amended return (1040-X) for both years and are eligible since it's been less than 3 years since we put it in service.

My question is do we also need to file Form 3115 with our 2017 tax return? We are in process of preparing 2017 tax return and have not filed yet. We are planning to file before April 15, 2017.

Please help!

Thank you!!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Depreciation on rental property nbalu1974 Rental Real-Estate 2 01-09-2015 01:10 AM
US Return: Rental Property Depreciation debbie790 Depreciation 1 11-16-2014 02:19 PM
what items can be depreciation in rental property ojaitax Depreciation 5 04-02-2013 08:43 PM
Depreciation of Personal Property after rental use skibo84 Depreciation 1 08-11-2012 04:39 AM
Foreign rental property depreciation Rah_TT Rental Real-Estate 1 07-25-2010 08:15 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.