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Investors & landlords
Ah, darn - the process of creating a partnership looked relatively trivial, but I may have oversimplified it.
I have how much each of us initially contributed, as well as our swap/farm capital gains, and was hoping to just use that ratio to split each partner's income.
I'll probably end up taking your advice and consult a lawyer, see what they recommend, and might be in store for some tedious book-keeping. Unravelling the tangled mess of swaps sounds horrible, since nothing was really segregated into 'buckets' during all of the trades, but hopefully can do better next year. Thanks!
‎November 26, 2021
1:34 PM