You would just need to file an amended return for the year you bought the property to claim the depreciation you didn't originally take. 

There are a bunch of people here that offer their services.I recommend using dropbox to store all the receipts and name the files with the property that it belongs to along with the cost of the expense.

Legal zoom DIDN'T file the 2553 to make them an S corp-  (for rentals, which is a huge no). 

Otherwise, tell your lawyer to get the paperwork filed, so you are in the queue.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

If you have experience in managing construction, then you should feel comfortable filing an Owner Builder permit.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Use business accounts for easy tax filing.

Has anyone filed taxes yet as a W-2 employee who owns only STR, rents for on average less than 7 days per rental (STR), and materially participates (usually requires 100 hours or more in a year and more than anyone else)I’ve heard there are amazing tax benefits if you fall under all of the categories.

I am assuming it ended up in spam as he used a different email than the one we had on file for him.