STEP 7

MAKE MONEY WHILE YOU SLEEP

Invest with someone with a solid track record who values and nurtures relationships and understands the unique needs of passive investors.
You should be expecting monthly reports and quarterly or monthly ACH payments. Annually, you should receive a partnership K1 return. Give that to your CPA for tax purposes. Your first-year K1 is likely negative due to bonus depreciation. This can offset your taxes, depending on your tax situation. You may need to file Form 5498 annually if you invested with your retirement account. For that, you will need to request an annual evaluation of the fair market value of your share. Finally, talk with your CPA about your passive investing activities to ensure you cover your bases.

SUBSCRIBE TO EXCLUSIVE
RECORDED WEBINAR SERIES