Personal tax for GPs (LLC) of single asset fund

searcher profile

March 06, 2022

by a searcher from University of Colorado at Boulder in Los Angeles, CA, USA

Personal tax question for those GPs of funds and accountants - my partner and I raised a single asset fund last year. We made distributions, collected promote given the target highly CF positive. I’m new to the GP community, former company guy. Outside of basic solo401k, deducting home office/auto expenses, are there any special/fund manager, GP personal tax advantages that we should be considering for ourselves?

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commentor profile
Reply by an investor
from Nova Southeastern University in Miami, FL, USA
Sounds like this is all past tense which is all the more challenging.....It may be obvious, but I would encourage you to find a really good CPA.A CPA who has serious tax planning experience (not just a CPA who does returns).
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