In a partnership/multi-member LLC where profit is allocated proportionally to partners/members, is all such profit taxed even if a partner/member elects to keep it in the business and not withdraw it? Pretty sure yes, but would like confirmation.
To introduce the question, let's assume W2 income = $300k. This makes my marginal tax rate 35% with the 2024 brackets. If I participate in a real estate syndication by putting in $100,000 where I receive a K1 for 4 years before it dissolves with income in those years of: Year 1: -$20,000 passive loss Year 2: -$10,000…
It looks like you're new here. Sign in or register to get started.