From the Vault
When should I convert my LLC to an S corporation?
An S corp saves self-employment tax on fee income once you clear roughly $60K–$80K net. It also blocks debt basis — so it must never hold your ownership interests. ...more
Investor Education
October 05, 2026
Do I qualify for real estate professional status if my spouse works and I don’t?
Only one spouse needs to meet the 750-hour REPS test, and it can’t be split. But both spouses’ hours count toward material participation. Here’s how the two tests differ. ...more
Investor Education
September 28, 2026•9 min read
Why isn't a loss on your K-1 a deduction on your tax return?
Every real estate loss must clear four sequential limits before it reduces your tax bill: basis, at-risk, passive activity and excess business loss. Here’s each one. ...more
Investor Education
September 21, 2026•9 min read
Which states will my fund have to file in?
Withholding, composite, PTET — three regimes, three different outcomes for your investors. What every fund manager should know before accepting out-of-state capital. ...more
Investor Education
September 14, 2026•11 min read
How is real estate income actually taxed for investors and fund managers?
A complete guide to how real estate income is taxed: income character, entity choice, participation tiers and the four loss limitations that decide what you actually deduct. ...more
Investor Education
September 07, 2026•13 min read
The K-1 Hidden Leak: How Fund Managers Are Accidentally Taxing Their Investors’ Yield
CFO James Bohan exposes how traditional CPAs trigger a punitive 3.8% NIIT tax leak by defaulting debt fund returns to Line 5. Discover the advanced structural playbook to shift yield to Line 1 and unl... ...more
Investor Education
August 31, 2026•4 min read
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