{"id":20536,"date":"2017-06-14T12:00:00","date_gmt":"2017-06-14T12:00:00","guid":{"rendered":"https:\/\/resource-center.hrblock.com\/"},"modified":"2021-07-06T12:38:16","modified_gmt":"2021-07-06T17:38:16","slug":"catch-up-depreciation-on-rental-property","status":"publish","type":"post","link":"https:\/\/hrbcomlnp.hrblock.com\/tax-center\/income\/real-estate\/catch-up-depreciation-on-rental-property\/","title":{"rendered":"I have a tax question about catch-up depreciation. I have owned a rental property for 10 years but have never claimed de"},"content":{"rendered":"<p>Yes, you should claim depreciation on rental property. You should claim catch-up depreciation on this year&#8217;s return. Catch-up depreciation is an adjustment to correct improper depreciation. This occurs when:<\/p>\n<ul>\n<li>You didn&#8217;t claim depreciation in prior years on a depreciable asset.<\/li>\n<li>You claimed more or less than the allowable depreciation on a depreciable asset.<\/li>\n<\/ul>\n<p>Claiming catch-up depreciation is a change in the accounting method. You&#8217;re changing from a depreciation method that&#8217;s not allowed to one that&#8217;s allowed.<\/p>\n<p>Instead of filing amended returns, you must correct this on this year&#8217;s return. Follow the steps outlined in the instructions to Form 3115: Application for Change in Accounting Method.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, you should claim depreciation on rental property. You should claim catch-up depreciation on this year&#8217;s return. Catch-up depreciation is an adjustment to correct improper depreciation. This occurs when: You didn&#8217;t claim depreciation in prior years on a depreciable asset. You claimed more or less than the allowable depreciation on a depreciable asset. Claiming catch-up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24,49],"tags":[],"class_list":["post-20536","post","type-post","status-publish","format-standard","hentry","category-income","category-real-estate"],"acf":[],"yoast_head":"<title>Catch-up Depreciation On Rental Property | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"If you have owned a rental property for many years but have never claimed depreciation, can you catch up and claim it now? 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