Claiming Past Rental Depreciation

Question

I got married this year and my wife has a property she has been renting since 2013. While preparing our taxes I believe she has not been claiming depreciation on the rental property. Looking at other tax preparation software they reference a Form 3115 that can be filed to claim catchup depreciation, does FreeTaxUSA offer this option?

iwoloinshh · Answer

Well that's a bummer, three years isn't going to be enough to correct this. What a shame, I've been happy not supporting TurboTax and their ilk…but it looks like I need to correct this or face consequences if we ever sell the property.

MatthewD · Answer

Hello iwoloschin,

I am sorry, but we do not support the Form 3115.  You can amend the prior 3 years and see about getting a refund with the higher expenses.