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Updated about 2 years ago on . Most recent reply

Ethan Ross's profile image
Ethan Ross's profile image
Ethan Ross
  • Rental Property Investor
  • from North Carolina Triad
  • Member since Mar 12, 2020
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Ethan Ross's profile image
Ethan Ross's profile image
Ethan Ross
  • Rental Property Investor
  • from North Carolina Triad
  • Member since Mar 12, 2020
Connect
Ethan Ross
  • Rental Property Investor
  • North Carolina Triad
5
Votes |
26
Posts
Tax, SDIRAs & Cost Segregation

Phantom Income- Equity Stake

Ethan Ross
  • Rental Property Investor
  • North Carolina Triad
Posted

I partnered on my first two deals this year. One I put some money in, the other I did not. 
I received equity for structuring and sourcing both deals. 
My CPA mentioned the potential for the irs to classify the equity as phantom income and with it a tax burden. 

Does anyone have experience or knowledge in this? 

thank you in advance 

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