AnythingsPossible 01:00 PM 04-09-2011
We purchased our home in March of 2009, and didn't claim depreciation on 09 taxes, would I have to refile our whole tax return for 09 in order to claim or is there a way to claim 09 depreciation on 10 taxes?
TomCopeland 05:42 PM 04-09-2011
You have a choice. You can amend your 2009 tax return, claim the home depreciation and get a refund.
Or you can file Form 3115 with your 2010 tax return (as well as mailing a copy to the address on the instructions to this form), claim the 2009 depreciation and transfer the amount to your Schedule C for 2010.
For details, see my 2010 Family Child Care Tax Workbook and Organizer.