I am curious to know if any of their funds are still paying out quarterly distributions?

For example, California has an $800 minimum franchise tax, while other states have lower fees or no franchise tax at all.

With a fideicomiso, the gross income is taxed through a withholding tax whereas, with the corporation, the rate, you can deduct expenses but the taxation rate is higher.

The question is will you benefit.If you already paid for the study, you might as well apply it to to the return.The next question is whether your accountant is properly applying it.You may want to consider working with a CPA who specializes in real estate taxation.

However, when the new owner sells, they will owe capital gains tax based on their share of the basis.Given the complexity and IRS scrutiny of 1031 exchanges and drop-and-swap strategies, consult a CPA or attorney specializing in partnership taxation to ensure compliance and maximize tax savings.This post does not create a CPA-Client relationship.

For my account I pay $10 per quarter while the loan is active so only $40 a year to borrow this money. 

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

Georgia fines you everyday you submit a late quarterly report...

However, electing partnership or corporate taxation could be seen as a sale, causing unintended tax consequences.

It seems that a mix of regulation on the legal side and taxation on the numbers side have changed the landscape.