Mehul Rupani
Form 3115 vs Amending for catch up depreciation
Hi Everyone,
Ok - Ive reading a bunch on this and seems the consensus is to file a 3115 for missed depreciation if its been more than 2 years.
I did claim depreciation on 2023's return but did not claim in 2022, 202...
Jiju James
Texas Association of Realtors Commercial Contract Amendment form
Hello, my lender is asking for us to get a "Texas Association of Realtors Commercial Contract Amendment" form because we have had to move forward the closing date because of some delays on their part (we thought it w...
Nami Do
Converting Existing LLC to Series LLC?
So I live in Texas and my LLC is established in TX. I want to turn my LLC to a series type LLC where I can create other llcs. I have form from Secretary of State (Certificate of Amendment). It has a section to Add/Alt...
Linda Dobbs
Condo to Towhouse
I live in a townhouse association. There are 14 homes. We do not own the land we sit on so we are classified as a condominium. Because we don't own the land we sit on, we have to have one insurance policy that cove...
Andy Grimes
Correct cost basis for depreciation
I bought a SFR in 2014. I depreciated it, but in doing my taxes this year with different software, I realized I made a mistake. I didn't subtract the land value out of my purchase price for my basis. I also started de...
Calvin Kwan
[Oakland, CA] Subletting
Hi Guys,I have a 5 bedroom unit where one of the roommates is looking to sublet his room. His dad is sick and he needs to be away for a couple of months. As it stands now, there are 6 roommates that are on the curre...
Mike Wadsley
Colorado measures that impact real estate investing
While the election isn’t over for the candidacies, there are a handful of measures that will affect us as real estate investors.
Ballot measure 2B asked voters to approve a 0.25% sales-and-use tax increase (which amo...
Chelsy S.
Louisiana Investors-- Look out for these points on the ballot Nov 4 !
I'm not a politician nor big on even discussing politics... I'm just a newbie in this industry trying to learn as much as I can before my first purchase. To get on with my point, today I was researching some things an...
Neera Melwani
Tax Filing & Cost Segregation
Hi Everyone! In 2022, I was taking SL depreciation for my rental properties (1 apartment building and 4 4-plexes). I did a cost segregation study in order to take advantage of bonus depreciation and I have a couple q...
Mathew Wray
Portland, OR Residential Infill update
Got an update from the city on the proposed Residential Infill Program including some updates and some links that I wanted to pass on:What is this project about?Residential Infill Project is updating Portland’s single...