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May 26, 2025
Question

Override depreciation method

  • May 26, 2025
  • 1 reply
  • 0 views

Have been using GDS (27.5 yrs) for foreign rental property depreciaion for 2 decades. Turbotax selects ADS but am allowed to use GDS because I was using it before the rules changed. How do I override?

1 reply

May 26, 2025

@Rathersailing wrote:

Have been using GDS (27.5 yrs) for foreign rental property depreciaion for 2 decades. Turbotax selects ADS but am allowed to use GDS because I was using it before the rules changed. How do I override?


 

ADS has been required for foreign property AT LEAST three decades, probably four decades.

 

It sounds like you have been depreciating it wrong for quite some time.  I suggest going to a good tax professional that is experienced with Form 3115 to correct depreciation errors like this.