TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Cost segregation study - 481a adjustment file

Forum|Forum|1 year ago
February 19, 2025
1 reply
0 views

Hi,

I purchased a rental property in 2022 and did cost segregation study for the property in 2024. I need to catch up my depreciation. Where should I put my 481a adjustment into schedule E or form 4562? My 481a adjustment on cost segregation study is around -$70k ish.

Thanks

Employee

You have one option at this point since you purchased in 2022. You must file form 3115 rather than amending.

Change your numbers, add the 481a adjustment and file Form 3115. You have 2 options:

You can use online and let an expert handle this.
You can use the desktop version to file form 3115

Enter the missed depreciation as a miscellaneous expense and it will show under Other Expenses.

Side note, you should file Form 3115 with your return to avoid the extra fee of filing it separately. See About Form 3115, Application for Change in Accounting.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"