(example)A 3115 will be required to claimed the missed depreciation.

We provided an itemized list of work done and the price while returning the security deposit.Tenant is claiming that everything was wear and tear and is demanding receipts and proof of damage.As per my knowledge landlord is not needed to provide receipts in Arizona.

Also, we filed a claim this year due to the hail storm in South Milwaukee so our roof was covered in that. 

Hopefully you never actually have to make a claim. 

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

He obviously signed a false statement.The buyer has a claim against the title company to pay the lien - and the title company has a claim against the seller.  

However, upon closer inspection, several red flags became apparent:Lack of Transparency: Despite claims of being a Georgia corporation, a search in the State of Georgia Secretary of State’s Division of Corporations database revealed no record of the company.

If you have a claim (and a pool is a ticking time bomb for a claim), your insurance company and their legal counsel will want you to provide all evidence of pool upkeep, including the grounds area.

Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen. 

I plan to consult a tax professional but before wasting anyone's time I would like to ask whether I can technically claim the property as a rental in 2024 even though our first contract started Jan. 1, 2025?