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Do I Need a 3115?

Technical topics regarding tax preparation.
#1
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Joined:
30-Jan-2019 11:16am
Location:
New York
New client. Formed an S Corp and purchased the assets of a business in 2019.

The purchase price was $700K split:
$560K - Goodwill
$140K - FFE

The previous accountant prepared 2019 and 2020 showing amortization of the entire $700K as if it was goodwill.

I want to correct the depreciation/amortization.

Can I amend 2019 and 2020, or do I need to file a 3115?

Thank you!
 

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