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Updated over 7 years ago,
New Real Estate Co. Renting Houses
I had a Question. My partner and I just open a brokerage. I own a small rental home and rent is 900 month. Could this company buy this home from me ? If yes , and I sold it for the same or less than I bought it for would I have to pay tax on the sale ? I was just thinking of doing this so the company would have some income coming in and give the company some valuable assets. What are the tax implications on this ? In the future could the company buy More homes to rent ?
Thanks