Coddington wrote:This would seem to suggest that after two years of no depreciation claimed on this asset, an impermissible method has been set regardless of how the tp failed to claim depreciation.
(1)
At the time of making 2018 amendment, it is already two years of no depreciation, so "an impermissible method has been set" if we consider 2018 amendment as another point in time between 2018 and 2019, like 2018 1/2. For the purpose to establish the pattern, should we not to correct the depreciation in amendment, but let form 3115 to catch it up?
(2)
If we do correct the depreciation in 2018 amendment, does the statement that "an impermissible method has been set" still holds for using form 3115 for 2019? Based on what being posted, both 2017 and 2018 need to be amended to correct errors apart from the depreciation, but for the sake of argument, let us suppose 2017 does not need to be amended but 2018 does.
(3)
Suppose:
- the rental started in 2016;
- 2016 and 2017 returns are fine except the taxpayers did not take depreciation
- 2018 has error other than depreciation that needs to be amended
- 2019 has not been filed
In this case, can we amend 2018 return and file form 3115 on the amended return to catch up the depreciation from 2016 and 2017?