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Updated about 14 years ago,

Bill W's profile image
Bill W's profile image
Bill W
  • Real Estate Investor
  • from Louisville, Kentucky
  • Member since Oct 15, 2008
Connect

User Stats

49
Posts
3
Votes
Bill W's profile image
Bill W's profile image
Bill W
  • Real Estate Investor
  • from Louisville, Kentucky
  • Member since Oct 15, 2008
Connect
Bill W
  • Real Estate Investor
  • Louisville, KY
3
Votes |
49
Posts
Starting Out

First deal

Bill W
  • Real Estate Investor
  • Louisville, KY
Posted

My brother wants to invest money on my first flip. I don't want to put him on my llc with me. When I sell property is there any kind of tax problem for me when I give him his shair of profit? Ex If I net 20k and give him 8K for investment, I only pay tax on 12k? Do I have this figured correctly?

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