It works by breaking down your property into parts with shorter depreciation lives, like flooring and appliances, so you can deduct those faster.If you bought in 2020 or 2021, you can still do this now using Form 3115 to catch up on missed depreciation in one year instead of amending past returns.

However, Even though the property is in service in 2025, you could still do a cost segregation study in 2026 and make a Section 481(a) adjustment to catch up missed depreciation......Anthony,as a tax professional, I'm confirming what Brian said.You will need to use the procedure he mentioned which involves completing Form 3115, as opposed to filing an amended return for 2025.

She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS. 

What many fail to recognize is that this isn’t true investing—it’s running a business, with all the operational headaches, turnover, and liability that come with it.How I am applying this advice to my own pipeline: Amending zoning to an assemblage which already has approvals for 19 apartments (10 converted and 9 new construction) and two small storefronts, into a concept that has an expanded restaurant/ground level beer garden use.

Lessons learned on my side and for anyone that might come across this in the future, amending my process per below.* When a tenant gives notice, send a formal letter detailing that security is not to be used as last months rent and informing them eviction process will commence if last month not forthcoming.* Ensure them that security deposit (minus expenses) will be repaid within 7 days (much faster than statute) so they know we're on the up and up too.* Try to do a preliminary walkthrough prior to them moving out so if they want to fix/patch anything prior to the final move out, they can.Lessons learned and thanks for the advice all.

I am in the process of amending the variance to build 15 high end townhomes.

You can amend the LLC % and then change it back after you close if one partners Fico score is lower or does not want to sign a personal Guarnatee or be on the mortgage.Feel free to reach out if you have more in depth questions, better to know in advance then find out the hard way or lose time/money. 

First good old politicking, find all of the other owners who can vote and see if they will agree to vote with you to allow STR or even to amend the bylays. 

However, we have the 2nd amendment, the right to bear arms, and a lot of people exercise that right.

And no there is no down payment involved Yes he sent me a text saying he was the buyer and they wouldnt go in but he's not willing to amend the contract.