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Aleesia purchased a rental property in April 2016. Her basis for depreciation was $210,000. She has no adjustments to her basis. After preparing her own
Aleesia purchased a rental property in April 2016. Her basis for depreciation was $210,000. She has no adjustments to her basis. After preparing her own taxes for five years, she went to a paid preparer for her 2021 return. The preparer realized Aleesia had not claimed depreciation any of the previous years. She was allowed to claim $5,409 for 2016, and $7,636 each year for 2017, 2018, 2019, 2020, and 2021. How much catch-up depreciation can Aleesia claim on her 2021 Form 3115
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