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Updated about 6 years ago on . Most recent reply

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Tyler Vice
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Tyler Vice
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Tyler Vice
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Tax, SDIRAs & Cost Segregation

first time partnering, how do taxes work?

Tyler Vice
Posted

Ive never had a partner outside of my LLC before. But recently I bought a property on a partnership and I have no idea how to deal with expenses and gains come tax time. usually I would put everything together and it wouldn't be a problem but I really have no idea to separate this one property so that my partner and I can split expenses and gains equally. Any suggestions?

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