Section 481A Adjustment For Unclaimed Depreciation

[Jason Heath]

Hi - I think I have found a solution for my unclaimed depreciation dilemma for rental property.  For those who have failed to claim the correct amount of depreciation during the time you owned a rental property, have you ever claimed a Section 481A Adjustment on your Schedule E at the time of sale?  For instance, say your allowable depreciation during the time you owned the asset was 20K, but you only claimed 10K during the time you owned the property.  When accounting for the disposition of the asset on your taxes, you claim the depreciation as 20K (the amount you should have, but did not originally take), and at the same time claim 10K as an expense on Schedule E, so that your overall losses on the property truly match the amount of depreciation being assessed against the property.  Does that sound reasonable?