TaxGuyBill
Level 15
09-25-2021
09:02 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@d31 wrote:
My 2020 return is showing an NOL in the amount of depreciation that was missed in a 2016 return in the 11th year.
Are you saying you want to file Form 3115 to 'catch up' on the depreciation? Was depreciation taken in 2017, 2018 or 2020?
Does the 1040 actually have a NOL, or are you saying it just has a rental loss?