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How to structure a fix and flip partnership?
I am currently in a partnership with 2-3 partners on flipping homes out of state. My question is, how should the partnership be structured so that each partner pays their share of taxes at the end of the year?
The loans and properties are all under my name so I don't want to take the whole capital gains tax hit when the time comes. Would an LLC with the partnership shares broken out be the way to go or is there another way to structure it? Any help would be appreciated.