Look for some advice for a realtor friend. He has a real estate brokerage firm set up as an LLC with himself and another partner. He is looking to minimize taxes and reinvest any profits. How could he structure it. Maybe a trust, etc.?

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If your realtor friend isn’t aware of Real Estate Professional Status or what that enables them to do, they may want to look into it. Bonus depreciation is their friend!

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I’m not an accountant or tax professional, so I’m not the one to advise on entity structure or taxes. All I’m telling you is that your friend is in a highly advantageous position, they just need to figure out how to qualify for REPS and then understand how to generate passive activity losses.

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Chat GBT knows how

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