I would discuss this with your CPA/tax professional.

You will need to weigh the cost of the study against the potential accelerated depreciation.Firms should be able to give you an estimated accelerated amount that you will need to discuss with your CPA (who will tell you the potential tax benefits)

You or your CPA will need to use Form 1040-X and provide explanations for the IRS as to why you are making these changes.

hire a CPA and let them worry about ita lot of this is covered in Youtube videos and other BP threadshappy to help with any other questions you have - feel free to respond or PM me. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

He thought it was better than he was hoping for and just wanted to run it by his CPA.

Also, FWIW, I’m already consulting with an attorney and a CPA who’re RE focused.

I have LLC's S-Corps and one time a C-Corp, and I can't claim to be up to date on all tax laws, which CPA's have to be, and have them explain my returns if something goes wrong, particularly if they sign off as preparer.

These same owners also have no problem paying an attorney or CPA $150/hour or more.Many owners also don't respect their PMCs and try to treat them like a personal assistant at their beck & call.

I just finished completing my taxes and my CPA highly recommended putting my investment (currently only one), into an LLC.