I live in Colorado and would like to purchase my first rental here, but it seems too risky with all of the upcoming restrictions and potential quadrupling of lodging taxes.Seems like commercial taxation of Colorado STRs might be amended pretty heavily.

You should have requested IRA Custodian to amend form 1099R as soon as you received it...

(The sponsor has since said he'll amend it to only apply to homes rented as a vacation rental 200 or more days a year.)A new competing bill would apply the commercial tax rate of 29% to Airbnb properties -- like the first bill -- but only if the home is the third or more property of a single owner. 

File amended returns going back the 9 years since it was converted to a rental? 

Of course if I could rely on all young guests being as good as you :-), I would amend my opinion.

I paid less than $800 last year and that included filling an amended 2015 return.  

Amending returns can rectify the mistake on paper, making sure everything's in the right place for both the IRS and any future buyers.

You can amend the lease to end early without penalty. 

I never call it a "cash offer" (it's not), but don't complicate it with all the extra amendments and contingencies.If the buyer gets the property under contract and has to fill out an addendum that asks for financing type, I will always indicate that the purchase is financed if the buyer is using private/hard money.And I'll always include however much time is needed for financing approval into the due diligence period, so there is only one contingency in the contract, not multiple.Doing it this way allow us to be completely honest and transparent, but still give us the best chance of getting the property under contract.

She just amended my 2022 taxes and I am getting a very large 5 figure refund from the IRS.