Sean Larson
Financing after an amendment to your return?
Hi all, I'm from Grand Rapids, Michigan and I recently had my tax returns amended. Upon telling the lender I was working with about the amendments they informed me that their policy is that they will not lend to anyon...
Enyi Ajoku
Opinion on lease agreement and lease amendment
Hello fellow BP,I have a little bit of an issue. I recently purchased a property with an existing tenant whose lease expires in next year. My main concern is this tenant is a smoker.Now the lease she she doesn't stipu...
Tripp Weaver
Can you amend a cost segregation study?
Hey guys,First time post but really enjoy reading all of your posts and insights it has been extremely helpful to my wife and I who run an STR in Oak Island, NC. We completed a cost seg. study on the year of the purch...
Julio Gonzalez
Amending Your Tax Return vs Form 3115
Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset. The IRS has multiple ways that these errors c...
Phillip Dwyer
Will Nevada's AB284 be Amended in 2013?
http://www.lasvegassun.com/news/2012/dec/09/banks-press-changes-strict-2011-foreclosure-law/
This article was published in the Las Vegas Sun today. Nevada's part time legislature meets again in 2013, but will address...
Joe J.
Amended returns resulting from miscalculating property basis
I've been filing my tax return through H&R block software for a long time now. I purchased a rental back in the middle of 2012 and have just now realized that my property basis I inputted into the H&R block s...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Douglas T.
How far back can I claim a deduction for repairs?
For the last 2 or 3 (maybe 4) years, I've had a special assessment tacked onto my monthly HOA for a building repair (boiler replacement I think). I've never claimed tax deductions for this repair. Obviously, I can d...
Travis Buck
Possibility of being audited??
I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...
Justin Kelly
HOA dealings
I have purchased an owner occupant condo in a HOA. The HOA is at capacity for rentals set at 10%. I am first on the waiting list to rent but will have no way to know when a spot will open. I would like to buy anoth...