All Forum Posts by: Lance Lvovsky

@Mike Montana

Can be deductible under interest tracing rules. If investing in a pass through entity interest will be an above the line deduction against any pass through income. Speak to a cpa.

@Tyler Harrel

Is it an ordinary and necessary expense for your business? If you answer yes - then yes to your question.

@Brad Spuhler

If your dad gifts the property to you, he will need to file a gift tax return. Assuming he hasn’t used up his lifetime wealth transfer tax exemption (11.4M), then no gift tax will be owed - a gift tax return still needs to be filed.

@Clarence Gong

I believe the investment amount changed to 900k effective soon.

You will need to make sure you work with an accountant familiar with EB-5.

@Ashish Patil

Your general understanding is correct.

@Kristen Nguyen

Get with a CPA and attorney. Understand what each partner will make, how profits will be split, what each will contribute, etc. tax implications for partnership allocations. Legal implications for the operations of the partnerships. You will need a good Operating Agreement. If doing business in multiple states, then understand that you will have state tax filings and need someone on your team who can advise accordingly.

Generally yes, but speak to your CPA and attorney who know all your facts.

Keep in mind additional state income tax filings that may result with income sourced in another state.

@John Perry

You will want both a CPA and an attorney on your team. As CPAs, we are advising on tax matters including the proper structure for maximizing tax efficiencies. There are also a number of accounting intricacies related with Opp. Zones. Your attorney will advise on legal structure, issuance of equity interests, etc.

@Damien Rance

I sure am. Work with many foreign investors.