We’d like to transfer their interests to an LLC – however, we do not with to be treated as a partnership for federal tax purposes.

I've received 2 K1's so if this is fraud then i'd imagine they've committed a federal offence by issuing false documents to the federal authorities.

But it's not federal law, it's MD Bill which didn't pass in 2023.

Then you’re looking at a minimum of 15% federal tax and 10% California tax on that $500k.

I see opportunity abound as the Federal Reserve is intent on forcing us into a recession. 

You will have to file state and federal tax returns here while you operate the property.

It's better than what you'll get from most attorneys and what you'll find on the internet.Lead Paint is a federal requirement and the form is available for free all over the internet.

The risk to you is that by selling partial ownership you may be selling a security under the Federal definition and therefore depending on the method used to find investors could be violating Federal or state securities regulations.  

However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Sue K. this is federal law...applies to all 50 states.