General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
K1 form on Fundrise?
I am interested in using this site, but unclear on the K1 form. It sounds you receive a consolidated K1 form, which is fairly simply to capture at the federal level.
My concern... is it then sounds like you would have to complete separate state tax returns for any state impacted?
If so, then that could get costly since turbo tax costs about $40 for each state I believe.
Is my understanding of this correct? If so, how much does a CPA usually charge you to complete this (ex. say 10 states impacted) vs. 400 for turbo? And if you received a K1 from Fundrise... how many states did yours impact?