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20 June 2020 | 2 replies
For example, Wyoming is a domicile LLC that is manager ran with anonymity, and other legal entities are member ran that all fall under the domicile LLC.The goal is to have one K-1 tax form, which I plan to find a CPA at that point that will grow with our portfolio.
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23 June 2020 | 39 replies
Originally posted by @Steve K.
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21 June 2020 | 3 replies
Recently received my first K-1 from an SD-IRA syndication investment where I am considered a Limited Partner in a multifamily property in NC.It shows a negative amount per the depreciation taken against a relatively small amount of distributions, given at 6%.My CPA has said that the 990-T is not required at this juncture since there is no tax due.My other recent research has shown that a 990T should be filed every year as to accrue any losses to offset future gains.Have to assume this is a common scenario.
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1 February 2021 | 13 replies
I'm on the cusp of retiring from military service, and I'm contemplating moving my Thrift Savings Plan (TSP) to a Solo 401 (k) after retirement.
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24 June 2020 | 4 replies
Hi @Max K., I've personally never done it but it’s very feasible and not too challenging - biggest issue for people tends to be the parking to unit ratio.
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26 June 2020 | 6 replies
Originally posted by @Aaron K.
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21 June 2020 | 2 replies
Thank you for the advice, @John K.!
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26 June 2020 | 6 replies
This third entity would automatically be taxed as a partnership, so each of your LLC’s would receive a k-1 at the end of the year.