Do you recommend to do a grant deed to amend the title from joint tenants to a LLC post close?

You could amend your last 3 years if it makes sense....your tax on the depreciation recapture will be your ordinary income tax rate up to a max rate of 25%.

It’s possible Congress may pass a narrow amendment to Section 265 of the Code to specifically permit a deduction and double dip, but for now, no deduction is allowed..."

@Shawn Moore It's been several years since this thread started and I will amend my previous comment to say that I have had several investors come through The Shop that had been to this and they had a really good handle on things.

They also have 2 dogs allowed under their lease, and they have a third dog now.My PM said even with moratoriums lifted, this isn't enough to evict - the trash, the failure to respond to notices, the lease  violations, the harassment - so we got them to sign an amendment to their lease to agree to 8/31/21 at the ending date (rather than spring of 2022), and immediately sent a notice to vacate. 

We should support amending the disability act to exclude pets...

You will want to start off with the 2018 IBC (International Building Code) as well as 780 CMR (Massachusetts amendments to the IBC).

It's heavily dependent on the facts and circumstances, and full of caveats and journeys through flow charts.If you're trying to DIY a tax return that includes a 10 unit apartment building rehab today, on the extended deadline, chances are probably near 100% that you will need to later amend this tax year or file a 3115 in the future. 

I agreed that I would amend the post to reflect the effort, on their part, to correct the situation.I will reiterate, however, that my statement about the facts are accurate. 

It has its limitations and trade offs just like anything else.TT asking customers if they meet material participation without even explaining the passive activity loss regs is why CPAs and EAs often end up preparing prior year amended returns for new clients.