I would still suggest enlisting the services of a professional, however, as someone with more in-depth knowledge of your situation would be able to give a much more personalized and tailored answer for you.EDIT: I can only think of one reason off the top of my head where amending a previous year's return is the correct way to do something that you couldn't otherwise do when filing an original return.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers

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Talk to folks who know a lot about real estate, finance experts, and pros for advice tailored to you.

Once you learn this, you can tailor the offer to meet their needs.

They're often a goldmine of information and resources tailored to your area's regulations and can offer guidance specific to your situation.Best of luck with your new property and navigating this transition!

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