PROPERTY [654 - 1422] ( Heading of Division 2 amended by Stats. 1988, Ch. 160, Sec. 13. ) PART 2.

I just discovered that Freddie Mac recently began allowing property title transfers to an LLC after an amendment to their servicing guidelines, effective on 10/20/2021. 

This could lead to a catch up depreciation deduction without having to amend prior year tax returns.If you own a car wash, have you considered cost segregation?

We are in process, from what I understand, you cannot go through their closing company and buy your own title insurance, if you want your own title insurance, you have to also pay for your own closing company in addition to your own title insurance/company. so there is double for the closing company and title insurance. and in order to do this, you have to first have a conversation with the seller's closing and if it's amicable that it can be done co-operatively, then the contract has to be amended and then the seller's closing signs the corrected contract, but both closing companies are always on the contract in that case.

It's risky for you to use the form as a seller unless you know what you are doing and know how to amend it.

@Austin SnyderFile an amended return and include the 'missed income'

Quote from @Nathan Gesner: Quote from @Kathy Nguyen: Lucky I made them signed a lease amendment stating that Tenant A and Tenant B releases all claims to the Security Deposit and any other monies held Landlord.  

Thankfully after the initial challenge he amended the rent rolls from $3100/mo to $3300/mo and he's been very communicative so far which has been good.Thanks for sharing your thoughts, George 

Our attorney is drafting an amendment for our tenant to review.Thank you to everyone that read this and especially to those that responded with help.bestjon

If the buyer is using a lender just request a copy of the pre-approval or approval letter from the lender in the LLC name to support the amendment.