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Sep 20, 2024
10:22:22am
VenturaCoug Playmaker
If FMV of the property is greater than its tax basis, you will trigger income
tax on the distribution of the property at the corporate level.

RE in an S corp is a big no-no, especially when co-investing with others.
VenturaCoug
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VenturaCoug
Joined
Oct 1, 2014
Last login
Sep 20, 2024
Total posts
1,315 (1 FO)