How does the IRS tax an Acquisition Fee?
I recently closed a 240 unit deal and in my deals as the syndicator, I received an acquisition fee for putting the deal together.
My background is a CPA so I feel I have a pretty good understanding on how the fee should be taxed.
I was recently speaking with a fellow investor and they were treating the fee a bit differently than me.
So curious to know from the BP expert community how your acquisition fee has been taxed?