Eric L. asked
For our small family LLC involved in rental property, through a 1031 exchange, we purchased a DST property with a $8,000 purchase credit. How should this credit be treated on our LLC tax return, and where should the cash distributions received from the DST, which do not equal the 1099-Misc rents, be reported on our LLC return and members' K-1s?
January 10th, 2023
Zachary B. answered
The $8,000 credit should be considered part of the value of the newly purchased property and may aff...
January 10th, 2023
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