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taxmap/pubs/p527-006.htm#en_us_publink1000219102

Claiming the Correct Amount of Depreciation(p11)


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You should claim the correct amount of depreciation each tax year. If you did not claim all the depreciation you were entitled to deduct, you must still reduce your basis in the property by the full amount of depreciation that you could have deducted. For more information, see Depreciation under Decreases to Basis in Publication 551.
If you deducted an incorrect amount of depreciation for property in any year, you may be able to make a correction by filing Form 1040X, Amended U.S. Individual Income Tax Return. If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amount of depreciation.
taxmap/pubs/p527-006.htm#en_us_publink1000219103

Filing an amended return.(p12)


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You can file an amended return to correct the amount of depreciation claimed for any property in any of the following situations.
Generally, you adopt a method of accounting for depreciation by using a permissible method of determining depreciation when you file your first tax return for the property used in your rental activity. This also occurs when you use the same impermissible method of determining depreciation (for example, using the wrong MACRS recovery period) in two or more consecutively filed tax returns.
taxmap/pubs/p527-006.htm#en_us_publink1000219104

(p12)
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If an amended return is allowed, you must file it by the later of the following dates.
taxmap/pubs/p527-006.htm#en_us_publink1000219105

Changing your accounting method.(p12)


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To change your accounting method, you generally must file Form 3115, Application for Change in Accounting Method, to get the consent of the IRS. In some instances, that consent is automatic. For more information, see Changing Your Accounting Method in Publication 946, chapter 1.