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Can Form 3115 help me catch up on missed depreciation?

US tax filing

Yes. Correcting depreciation that was understated or overstated in prior years is one of the most common uses of Form 3115, and it usually qualifies as an automatic change.

The catch-up comes through as a section 481(a) adjustment rather than by amending old returns.

Inkle Tax prepares and files US federal and state returns for your company.

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