Peggy Beauregard
Depreciation to some partners & not to others in same property.
A syndicator has told me they can give a better return to IRA investors as they don't need depreciation and her accountant does this type K-1 schedule. This would mean the people investing from their personal savings ...
Sanjay Sharma
How to split cost seg between partners?
I’m adding another forum question to my string of cost seg questions.
I’m partnering up on a purchase. My spouse meets real estate professional status. The real estate partner does not meet status and will not quali...
Dave Holman
Depreciation for Syndication Sponsors?
I'm structuring a new syndication and two CPAs disagree. One thinks that General Partners can't take depreciation on their carried interest (until all Limited Partner capital accounts go negative), only on actual cash...
Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...
Mike Curadossi
Partnering with high w-2 income on multi families?
Hello Everyone,So I just lost out on a great 3 family because I couldn't make a 1031 exchange work with the sale of one of my existing rental properties in time. It made me think of other creative ways to potentially...
Cj Yu
Is an Ohio LLC renting houses in Penn required to file tax with Penn?
From this site, it looks small LLC does not need to file sate tax:https://www.dos.pa.gov/BusinessCharities/Business/Resources/Pages/Foreign-Limited-Liability-Partnership.aspx"Under the U.S. Supreme Court's Wayfair dec...
Julia Myers
How do you share depreciation?
Can you share how depreciation works in a Joint Venture? Partner brings caliptal/down payment (passive involvement) and I do the management (active REPS activity). If there is only a JV and not a new LLC formed, what ...
Huy Thai
EIDL Deposited 4/14/2020
I checked my bank account this morning and the EIDL grant was deposited. Of course it wasn't the full 10K like everyone is hoping, mine was 2K. Many will ask, but I signed up on the 29th directly from the SBA site. I...
Matt Hummel
Structure for partnership
How would you structure a 50/50 partnership if one person did the managing and finding of partnership and the other was just equity?Next how would you structure a 0/100 partnership if i the 0 did the managing, findin...
Jesse Stremcha
Capital accounts and book losses
My partner and I are in the process of updating our LLC Operating Agreement. Our attorney is recommending a provision requiring that book losses be allocated to member capital accounts AND that members must then make...