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Updated 9 months ago,
How do you share depreciation?
Can you share how depreciation works in a Joint Venture? Partner brings caliptal/down payment (passive involvement) and I do the management (active REPS activity). If there is only a JV and not a new LLC formed, what forms are issued at the end of the tax year?
Does the K-1 show depreciation allocated by % ownership? Or does the active partner get 100% depreciation?