Vessel will issue Schedule 10-K (Form 1041) to investors for income distributions and for gains (or losses) at the time of sale or buy-out. At this point, we can not advise on anyone's particular taxes or how gains from investments should be categorized.
Does depreciation pass through to investors?
It does not because the investor is not actually a co-owner of the property. The homeowner keeps all of the depreciation tax write-off benefits.
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Tax Implications