Feel free to reach out anytime, happy to hop on a call and help anyway possible.

I want to ensure this is done in a way that complies with California law, avoids triggering partnership tax treatment, and doesn’t lead the IRS or courts to recharacterize the arrangement as equity.

Using a reliable software (not REPsTracker) to log your hours will help you build a solid record if ever reviewed by the IRS.

With the right structure, you can keep more of your profits instead of handing them to the IRS.

I'll PM if you want to hop on a call and chat!

That way, you avoid penalties, and then you can settle any remaining balance by April 15 when filing your return.And just to add, if you miss an estimated payment, the IRS or FTB may charge a small daily interest penalty.

You’d need a formal arrangement—like a lease or management agreement—so the IRS recognizes that the cash is effectively being passed back.

The BEA’s estimates use incomplete data in an effort to inform policymakers, businesses, and the public quickly, but as more information trickles in, or is lagging or is from a survey that was underrepresented (from sources like the Census Bureau or IRS), revisions refine the picture.

Depending on how the contract is structured, the timing of the gain can be impacted as the IRS may require you to recognize the full gain upfront or spread it out as you receive the payments. 2) If you're serious about a 1031, I'd connect with a qualified intermediary well ahead of time.

Yes, your wife may be able to qualify for Real Estate Professional Status (REPS) even if you’re the full-time W2 earner, since the IRS allows either spouse to qualify for the household.