Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Brother (age 74 and drawing Soc Security) and I (age 63.5 & yet to draw ) are sole working partners (no employees) in real estate developement LLC which will begin to generate large 1065 profits for next 5-8 years. Without enough 1065 deductions, there will be big K-1 taxed distributions and S.E. tax (which neither of us will recover from small encreases in Soc Sec benefits). For more 1065 deductions, I recently heard that a Keogh Defined Benefit Plan excellant for older self employed but wonder if there is maximum age (such as 65) that retirement and defined benefit pymts must commence?
Print the post Back To Top