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Updated almost 10 years ago,

User Stats

17
Posts
1
Votes
Ivan M.
  • Fort Mill, SC
1
Votes |
17
Posts

Should I amend last year's return or not due to incorrect depreciation?

Ivan M.
  • Fort Mill, SC
Posted

Hi folks, I frequent the forums quite a bit but don't post a lot. Perhaps someone has a little experience with my question though: I have one rental house and do my own taxes (maybe I'll rethink that last part...we'll see). While doing this year's taxes I noticed that somehow I took almost two years worth of depreciation on my rental (last year) instead of the correct one year. I've had the rental for two years in total so this year (2014) I should take the 2nd year of depreciation. Not a clue how I didn't catch this last year. Nonetheless, should I amend my 2013 return or simply correct the depreciation on this year's (2014) return and not worry about it. Otherwise, everything else looks ok. Any thoughts from the fine folks out there?

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