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Revision as of 18:06, 9 November 2026


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The credits are eventually consumed and a K-1 is distributed to the partners who then go ahead and take credits with their personal site again. The IRS is arguing that there is no legitimate business purpose for that partnership, which makes the strategy fraudulent. It's still ideal that will get legal counsel during regular IRS things. Those who only get lawyers during serious Tax Problems are stretching their lucks too thin. After all, should you wait a good IRS problem to happen before hiring a professional who knows everything there is to know about property taxes?

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