TaxGuyBill
Level 15
04-11-2023
07:52 PM
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@Bentax wrote:
Can I apply for an automatice change request and file them with the correct depreciation
and if so, does the IRS send them an invoice for the excess depreciation in the last 2 years?
Yes, and no. Part of the change request on Form 3115 makes the adjustment, so you will be adding that "481(a) Adjustment" to the tax return.