@Zach LoganReach out to a few of the accountants here on BP and see who you connect with.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

 You should be looking for a lawyer not accountant

You would be better off asking this question on the Tax forum where several tax accountants, including myself, answer tax questions: https://www.biggerpockets.com/forums/51-tax-legal-issues-con...Short answer is that you (your LLC, to be more specific) will need to issue your relatives form 1099-MISC, and they - rather than you - will owe taxes on their portion of the profit.

I am using the tax information and I am using the calculators to look at potential investment properties.

This ensure you are not taxed on the entire sale despite only collecting a small portion of the total sale.

@Lauren ThompsonReach out to a few of the accountants here on BP and see who you connect with.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

You get an immediate $50,000 tax write-off.

I hope the tax firm I connected you with works out.

It’s just not how the tax world works.

Sounds like you are house-hacking which is owning a prroperty that acts both a personal residence and an investment property.Therefore, you have to properly account for deductions / writeoffs as either deductible or personal.Best of luck to you!