(Answer: yes)If I had a rental property for 3 years and never claimed depreciation, can I fix this mistake by filing amended tax returns for the last 3 years?

From a mortgage strategist perspective, speed on offers and amendments really comes down to preparation and clean execution.

If two adults signed the lease together, both parties are equally responsible for rent and lease terms through the end of the lease, regardless of relationship changes.We would not redraw or amend the lease based on a request from only one party.

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.

Kyle, & Linda have both told me she cannot afford to buy, thus I am ending the lease. 

The real kicker is that the HOA could allow them now but then amend the covenants later and put you in a pickle.But now this made me wonder if you could leverage chatGPT or another AI tool to read the documents for any keywords?

Is there anything from a legality stand point that I need to amend to cut the leases over to my name?

This move bypasses Congress and only requires an amendment to the Preferred Stock Purchase Agreement (PSPA), which should be straightforward.

An estoppel or lease amendment noting that the bathroom must be restored at lease end (or specifying an agreed alternative) protects you.

The premium you'd pay (over H&R block) for the expertise will provide you comfort in knowing that your rental real estate is recorded properly on the tax return, avoiding potential issues/amendments down the line.Sometimes we get new clients and review something as simple as a prior-year depreciation schedule, only to find out that the client is accounting for improvements incorrectly, not splitting out the land value, etc.