Seeking Real Estate Tax Attorney

This is your chance to learn from the best, network with the best, and become one of the best in the game.

No fluff. Just deals, strategies, and lessons from the front lines of today's market.

Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent-to-price ratio, and more.

Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence!

Search nationwide listings with built-in cash flow analysis.

Scale your portfolio with off-market deals.

Is it a good deal? Run your numbers like a pro with this simple yet powerful calculator.

Understand how much rental income you can expect based on recent reports and data for your specific property.

Manage tenants, tasks, and your entire portfolio with one simple tool.

Find reliable property management partnerships that last.

Avoid mistakes and make informed decisions with Pro.

Promote your business on BiggerPockets and make quality connections with the right investors.

Scale your investment framework with this valuable guide to compounding real estate success.

Outsmart the short-term rental competition

Cash in on the exploding STR market with this must-have guide from expert Avery Carl.

Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.

Hello, I am looking for a tax attorney to consult with regarding my real estate LLC partnership.

My question : My father and I purchased a property in an LLC partnership. My father is one member and I am the other. My father contributed all of the capital, however I am receiving all of the income. The question is if this will raise red flags with the IRS and possibly trigger an audit for my father.

@Robert Operman Your arrangement, where your father contributes all capital but receives no income, can be okay if your operating agreement is done correctly. 1065s are very flexible if the allocation meets the business purpose.

This post does not create a CPA-Client relationship. The information contained in this post is not to be relied upon. Readers should seek professional advice.

How many investment properties do you have?

None

1-2

3-5

6-9

10+

Struggling to find reliable real estate advice?

Join over 3 million real estate investors to build connections, learn from others, and share your journey — all for free!

Take Your Forum Experience to the Next Level

Create a free account and join over 3 million investors sharing their journeys and helping each other succeed.

Curious to see who's interested in your profile? Unlock your views with Pro

Connect with others

Pro Members Get Full Access!

Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.

Advanced networking features

Market and Deal Finder tools

Property analysis calculators

Landlord Command Center

Annual Save 16%

$32.50 / mo

$390 billed annually

Monthly

$39 / mo

billed monthly

Start 7 Day Free Trial

7-day free trial. Cancel anytime.

J-18808-Ljbffr