Here's how you can calculate it:Total Tax Benefit from Cost Segregation: Let's say the total tax benefit from the cost segregation study for the entire property is $2 million.Total Capital Raise: If the total capital raise for the project is $6 million, this represents the total capital contributed by all investors, including limited partners (LPs) like yourself.Your Investment Amount: You mentioned that you invested $100,000 as an LP.Now, to calculate your portion of the tax benefit, you can use the following formula:Your Tax Benefit = (Your Investment Amount / Total Capital Raise) * Total Tax BenefitUsing the numbers you provided:Your Tax Benefit = ($100,000 / $6,000,000) * $2,000,000 = $33,333.33So, based on your investment of $100,000, you would be entitled to approximately $33,333.33 of the total $2 million tax benefit from the cost segregation study, assuming you have sufficient passive income to claim the passive loss.Please note that the tax treatment of these benefits can vary depending on your individual tax situation and the specific tax laws in your jurisdiction.

This is the default tax treatment for foreign investors.Ownership Through a U.S.

The tax treatment could vary based on the percentage of time the property is used for personal use versus rental.Advantages/Disadvantages:Advantages of your current arrangement might include potential tax deductions related to the rental portion, such as property taxes, mortgage interest, and operating expenses.Disadvantages might involve complexities in tracking expenses and income, and potential limitations on certain deductions if the property is not rented out for a significant portion of the year.If you were to convert SFH2 into a full rental without personal use, you might qualify for certain tax benefits associated with rental properties, but you may lose some of the personal use benefits.

Consider options like setting up a limited liability company (LLC) or utilizing a real estate investment trust (REIT) to take advantage of favorable tax treatment.6.

Thanks for anyone reading this and considering helping me out.I want to hear if other CPAs are aware of an exception but my initial conclusion would be this is a taxable transaction since 721 allows for nontaxable exchanges for property.There is a difference in treatment of receipts of a profits interest and a capital interest.

The treatment of real estate losses on your tax return can vary depending on your specific circumstances, and it's important to follow the tax laws correctly.

So I'm going to provide an alternative conclusion than Kislay, and I may be wrong so please correct me if so.A transfer from the HSA account to your bank account may be considered a distribution from an HSA.You would know for sure if you got a 1099-SA.To the extent not used for qualified medical, it could be taxable.Honestly most CPAs just set the distribution equal to medical on the 8889.Sec 223(f)Tax treatment of distributions(1)Amounts used for qualified medical expensesAny amount paid or distributed out of a health savings account which is used exclusively to pay qualified medical expenses of any account beneficiary shall not be includible in gross income.(2)Inclusion of amounts not used for qualified medical expensesAny amount paid or distributed out of a health savings account which is not used exclusively to pay the qualified medical expenses of the account beneficiary shall be included in the gross income of such beneficiary.

This was defined as buying a property, rehabbing it (if needed), renting it out, and selling it after at least a year to qualify for long-term capital gains treatment.

Showing housesRecommending housesGiving confidence to dealsHelping visualize rehab/scopeNeighborhood expertMarket expertWriting offers, possibly lots of themDigging up concerns with property I find that being a neighborhood expert, and market expert are probably the most important aspects.  

I'm looking for ways to visualize more so the practicality and uses of what I'm learning.