The first year, will I pay a pro rata share of the long term capital gains and recapture taxes of the principal portions of the mortgage payments plus the money down?

So in my 40% deal if we put in 100K then we get a 6% preferred rate on that 100K and a pro rata portion of the 60% the investors are gettingHope that helps

In joint ventures, I typically allocate 75-80% of the returns to equity and the rest to the active manager(s).Here's our typical setup:- LLC ownership is determined by equity- The LLC operating agreement includes a waterfall such as:* First, return of capital* Second, 80% by ownership (pro rata) and 20% to managers

Solo-K would be my preference since this will allow me to avoid tripping the pro-rata rule when I make my backdoor Roth contribution/conversion every year.My question is, which self-directed provider to use?? 

If the whole building is owned by the condo owners then they'd have pro rata land value.

@Becky Watkins sorry - I didn't read the title but that certainly would have helped my previous answer :)Since the stairs are required to enter/leave a rental unit, I'd like classify them as an improvement to the rental unit itself making it 100% deductible or capitalized rather than a pro rata rate.I'm not taking on clients for the 4/18 deadline but am happy to discuss post deadline.

Perhaps a slightly more aggressive (in your case) would be to allocate that shared space pro rata based on the allocation of the rest of the house, e.g., in your case, 40% personal / 60% rental.So I would use your first section "House" to allocate expenses directly attributable to main house, e.g., utilities paid for the main house.And I would use your second section "Cottage" to allocate expenses directly attributable to the cottage, e.g., utilities paid for the cottage. 

If you invest passively you should receive your pro rata allocation of bonus depreciation on your K1 along with the other investors.

It's actually as follows:Fannie Mae is expanding the definition of reserves to include all components of the monthlyhousing expense (PITIA), including: principal and interest, hazard, flood, and mortgage insurance premiums (as applicable), real estate taxes, ground rent, special assessments, any owners’ association dues (excluding any utility charges that apply to the individualunit), any monthly cooperative corporation fee (less the pro rata share of the master utility chargesfor servicing individual units that is attributable to the borrower’s unit), and any subordinate financing payments on mortgages secured by the subject property.For properties 5-6: six months of reserves on the subject property if it is an investment property, and six months of reserves on each other financed second home or investment property.For properties 1-4: six months of reserves on the subject property if it is an investment property, and two months of reserves on each other financed second home or investment property.

Once the plan is confirmed, the trustee will make pro rata payments to all the creditors, which include the arrrears on your loan.Also, look up the case in PACER.