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Answer by Kristy M. W.
Hi Henry, This sounds messy. I’ve seen this happen when a client has bounced from one tax professional to another through the years. Without continuity, or the benefit of prior year’s returns, an...
View ArticleAnswer by Bill-EA
It seems to me that I would change the asset's cost to match what was actually depreciated, and recapture the amount of depreciation that was deducted.
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