Here is the issue with combining personal funds and 401k funds to make a joint investment:The IRS could easily claim that such transaction violates the IRS conflict-of-interest and self-dealing prohibited transactions in accordance to the IRC 4975(c)(1(D),(E) and (F).

Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just the building) of $70,000Here is the work performed on the property during 2016:1) The following done as part of a make-ready/turn over.  

Your carpet example is technically tangible personal property that should be depreciated over 5 years, but you could be eligible to elect the de minimis safe harbor exemption since it's under $2,500 ($500 if before January 1, 2016 so if it was then it wouldn't qualify) which would allow you to expense it in the current year rather than capitalize and depreciate.

I read an article about not setting up an LLC in Wyoming, Delaware, Nevada, insert other friendly state business tax structure, because I would still have to file in Arkansas where the investments are anyway and it's just more paperwork at the end of the day; however, I do not fully understand this charging order protection structure idea.

Alex - We've recently done this in DE, we are PA residents and our property is in DE.

It seems that at least in Delaware there is a standard template for private mortgages that many of the attorneys just use over an over...so it really shouldn't even cost that much to get the attorney to do.

I've heard Delaware and Nevada are popular, but I don't know if there are disadvantages to registering an LLC outside my state of residence (Illinois).

Side note: If you take or took the Bonus Depreciation (the stimulus bonus) you may de-couple your state return. 

The location is J Birds restaurant,  2600 N Ponce De Leon Blvd, St Augustine, FL 32084.

I am coming out of a sale of my investment property and trying to put my money in buying a 1031 exchange property or put it under renowned dsts like Walgreens dst or so. However, with existing dsts, fees are the kille...