@Carl wrote:
......it may make more sense to file a 1065 partnership return and issue each owner a K-1 for their percentage/share....
It also may not make more sense since, for one, forming a partnership increases the compliance burden since doing so entails filing another federal income tax return as well as a state income tax return (in most states).
There are other considerations that militate against forming a partnership for this purpose. Note, for example, that an interest in a partnership is personal property even if the only asset the partnership owns is real property.
