Not sure if this was already mentioned or posted here, but I received an email from TREC this morning clarifying rules for wholesaling in Texas (I meant to name this Texas Wholesalers):"Sale of Equitable Interests in Real Estate Clarified  Governor Abbott Has Signed SB 2212SB 2212 amends Chapter 1101 to codify the clarifying changes to TREC rules regarding sale of certain equitable interests in real property.

The way I could interpret it is because I make <100k AGI/ W2 income, I was allowed to deduct that rental loss (up to 25k), and for whatever reason didn't happen in 2015 and I missed out on a deduction.The other option is I screwed up the 2016 return and need to amend it and pay back the deduction?

You can't get the deduction on a reversed contribution, so don't bother amending if the contribution was reversed.If the withdrawal came after April 18, then it is a distribution.

You do not want to do it on the cheap as once the tenants sign the lease in commercial you are pretty much stuck with unless you give something of value to the tenant to give them to amend the lease etc.

You could approach tenants to redo leases more in your favor in exchange for making repairs for them.You want clean slate where they are not constantly referencing what landlord did in the past regardless of what lease said.If there is vague language in the old leases that could be misinterpreted you likely want to redo them or add an updated amendment to the lease clarifying those sections.To a person mentioning if it's in the lease it's valid that is simply not true.

And I know that I can finally afford the time to make amends to my friendships and relationships with my loved ones.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Secondly, back in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

Another question if the lease is written for 60 termination notice, do I have to give 60 for the amended “new” lease or would it still be 30 day notice? 

A lot of condo/townhomes have strict hoa's and can make amendments at any time to not allow strs in the complex.

I ask because from a documentation perspective, at least here in Texas, there is an Association of Realtors amendment available that all parties have to sign, which among other things releases the outgoing tenant from responsibility, and assigns the security deposit to the remaining tenants (e.g.