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NRA virtual wholesaling taxes
hello everyone;
As a new member of the real estate community and specifically wholesaling i'm still trying to figure out how the taxe system works in this line of business, and as tou already know taxes in this country are really tricky so i really don't wanna get ambushed XD. By the way we are planning to the business as llc of more than one member.(all partners are NRAs).
As NRA virtual wholesalers are we going to be considered as ECI(effectively connected income) to USTB (US Trade or Business)?? In which case i suppose that we will be taxed.
In that case what type of taxe that whould be ?