Then I could claim theatrical distribution to hype up my little movie (incomplete to this day, btw.

Every year about 300 wall calendars of scantily clad women with my advertising get distributed to my renters and their employers. 

If you're not familiar it basically recommends that you have a bunch of bank accounts (income, profit, owner's pay, taxes, and operating expenses) and when money comes in you distribute it among your bank accounts in some predetermined percentages (profit first of course!)

LLC is a pass-through entity, so both of you will get a K1 at the end of the year based on your equity distribution in the LLC. 

In Northern Indiana (Nisource), it used to be 20+ years ago (and I assume its still the case)  you would have to put a deposit down to cover the gas and electric distribution services, and you could get some credit back based on houses going into service with some assumed usage patterns.City run utilities and REMC's would have drastically different practices. 

The second is derived from the calculator using the stated NOI ($38,121) dividend by the Purchase Cap Rate (rounded to 9%) which gives you a Cap Rate based value ($423,566.67).3.  

@Seann Brown401k distributions are subject to both federal and state taxes.

@James FainSee the following for the 401k loan rules. https://www.irs.gov/retirement-plans/retirement-pl...See the following regarding the 401k distribution rules.https://www.irs.gov/retirement-plans/plan-particip...

How is your income derived, W2, 1099, Self Employment?

If the real estate is then distributed in-kind from the self-directed IRA to the IRA participant, a fair market valuation/appraisal is required, with taxes due based on the value of the property at time of the distribution.