clutchy

LK, my dad has been investing in his own company and he gets a bunch of passive income from it for the last couple of years, and it's really killing him.

he's financially illiterate, so i told him i'd look into it. i have a few ideas myself, but i thought i'd ask the guy in the know.

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LK was treated unfairly

thanks X

LegendKiller

Hmmm, I know what a PLG is and I know their functionality. I know they come from activites less than 500hrs and are usually limited partnerships or rental units. However, as far as investments in them, I am not too sure. merlin might be able to help you out more in this area. I know that the tax laws a pretty complex and getting a consistent PLG can be difficult also.

What were you thinking? I might be able to help with feasibility..etc.

Corporate, securitized, equity (somewhat) and general higher finance theory/investments = me.

Portfolio management and investment planning might be more towards Merlin.

clutchy

thanks, I'll have to send him a PM or something. There used to a big hoopla about them before they were fixed in the mid '80s. They were partnerships that would buy buildings and then just put them up for rent and collect the depreciation on them thereby reducing their tax liability. I was thinking rentals myself b/c they're considered passive, but something easier would probably be better. I'll look around thanks.

LegendKiller

There is rentals, plus other LLP's that might generate high initial depreciations. Just have him buy some buildings or fixed assets, maybe a new car and put it under the his company...