john m perrigo
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Set up a FLP for your family to share proceeds of mineral royalties
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New tax law gives FLP's an additional 20% tax break.  I used the FLP in 2007 to help share the royalty income with all my children and grandchildren.  I think this has helped greatly and future…Continue

Started this discussion. Last reply by EastTexasFarmer May 25.

 

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Andrew replied to john m perrigo's discussion Set up a FLP for your family to share proceeds of mineral royalties
"Does passive royalty income qualify as QBI eligible for the 20% tax break? "
May 24
john m perrigo's discussion was featured

Set up a FLP for your family to share proceeds of mineral royalties

New tax law gives FLP's an additional 20% tax break.  I used the FLP in 2007 to help share the royalty income with all my children and grandchildren.  I think this has helped greatly and future generations will share the benefits without breaking up the mineral interests lending strength  to the mineral ownership.  It is worth the work and money.  Find a good lawyer to set one up!  We have a  business meeting yearly - getting everyone together. See More
May 8
john m perrigo posted a discussion

Set up a FLP for your family to share proceeds of mineral royalties

New tax law gives FLP's an additional 20% tax break.  I used the FLP in 2007 to help share the royalty income with all my children and grandchildren.  I think this has helped greatly and future generations will share the benefits without breaking up the mineral interests lending strength  to the mineral ownership.  It is worth the work and money.  Find a good lawyer to set one up!  We have a  business meeting yearly - getting everyone together. See More
Apr 26
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Jan 19
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Harrison County

All things related to the Haynesville Shale in Harrison County, Texas.
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Jan 15

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Haynesville

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