i have one investment propertyits a partnership ' but not now on an llc,QUESTION do I need to file an 1065 and put in in my personal tax return a k1or can I just fill in schedule E on my personal return , and not file a seperate return for the property?

Or maybe some other partnership.. any ideas?

With that said, I am open to discussing my options and possible future partnership.

We had dinner together at a local BBQ place and working together developed organically though time leading to a partnership about 2 years after we first met.

To clarify, the borrowed money is secured with apartments that are ultimately owned by an LLC that is structured as a partnership.

Do I have to add them to my existing partnership/llc?

I have family in the area and would like to make contacts and establish some partnerships here.

Hi, I'm hoping to better understand what I need to know and any pitfalls of a potential partnership for my first deal.A little background, I currently rent in a very high COL city with high income and a decent amount of liquid assets.

@Kevin A NolanAttorney1) Review of Purchase / sale of real estate contract2) Evict a tenent3) Draft a partnership agreement4) Create Legal entities5) etcCPA1) Assist with Tax Strategies2) Tax Return Prep3) Consult on legal entity creation from tax standpoint4) Accounting related functions5) etc

Hi BP army,I'm looking to invest in a property in AZ as part of a partnership to purchase a business there.