retire to nature
Recycles dryer sheets
- Joined
- Aug 10, 2018
- Messages
- 383
Hi All,
I have mentioned I had some depreciation issue on my tax for one of rental properties. I lived the house 6month and turned to a rental property. and it was my first rental property. Maybe that's why it was missed with lack of knowledge to how to file for rental property plus change of CPA due to some issues.
I found that after this year tax return. I discussed with the current CPA and I offered I can let him know all the nurmbers to correct that. But he said he can do for it with the next year tax return. But he said I can not get the all the way back. but I need to pay recapture when I sell.
So I didnt do that this year, and got curious so google a few things. one website said i can do up to the past 3 yrs. IRS says electronic method can be done upto 3 yrs and paper file can be longer.
I wondered then why we didnt do this year at least get more years and waiting for the next year? CPA just said that way because of busy of tax season?
I bought it in 2015, rented in 2016
Thank in advance.
I have mentioned I had some depreciation issue on my tax for one of rental properties. I lived the house 6month and turned to a rental property. and it was my first rental property. Maybe that's why it was missed with lack of knowledge to how to file for rental property plus change of CPA due to some issues.
I found that after this year tax return. I discussed with the current CPA and I offered I can let him know all the nurmbers to correct that. But he said he can do for it with the next year tax return. But he said I can not get the all the way back. but I need to pay recapture when I sell.
So I didnt do that this year, and got curious so google a few things. one website said i can do up to the past 3 yrs. IRS says electronic method can be done upto 3 yrs and paper file can be longer.
I wondered then why we didnt do this year at least get more years and waiting for the next year? CPA just said that way because of busy of tax season?
I bought it in 2015, rented in 2016
Thank in advance.