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Tax, SDIRAs & Cost Segregation

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Ben G.
  • Investor
  • Indianapolis, IN
196
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647
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Private Investor Tax Implications

Ben G.
  • Investor
  • Indianapolis, IN
Posted Oct 23 2014, 13:24

I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.

What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000, which in turn would net me $1,500 in profit. What would I be taxed on? I plan on doing this in a LLC if I decide to pursue it.

Any advice is greatly appreciated. 

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