itonewbie
Level 15
12-07-2019
01:32 AM
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I'd agree F.3115 seems to be the way to go. Once the basis for land has been depreciated for more than 1 year, an (impermissible) accounting method is deemed to have been adopted. You may not, therefore, simply amend the last 3 years' returns to retroactively change an accounting method.
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