- Joined
- Oct 11, 2016
- Messages
- 1
- Reaction score
- 0
- Country
Hi All,
Before I dig into the questions, here's our situation.
We're planning on rental property investment along with another couple so it would be a partnership, however we can't setup a LLC as we're in the U.S on a work visa.
Few questions we had in mind:
1) Since this will be a partnership, is there a special documentation we need to establish so we can split taxes at the end of year, obviously without setting up a LLC?
3) In the case of claiming capital depreciation, could the depreciation be split for both our families?
Thank you for your assistance.
Before I dig into the questions, here's our situation.
We're planning on rental property investment along with another couple so it would be a partnership, however we can't setup a LLC as we're in the U.S on a work visa.
Few questions we had in mind:
1) Since this will be a partnership, is there a special documentation we need to establish so we can split taxes at the end of year, obviously without setting up a LLC?
3) In the case of claiming capital depreciation, could the depreciation be split for both our families?
Thank you for your assistance.