Investing with someone for tax benefits?
Right now I am the sole owner of an LLC that I just formed and I am going to transfer my first properties deed into it.
For my second property, I have a partner who wants to go in 50/50 to help with his taxes at the end of the year.
What is the correct way to make all this happen and not affect the LLC? I don’t want to make him an owner or employee...but want to make sure he benefits from a tax perspective.
No one seems to know how to make it all work.
Thanks.