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Updated over 1 year ago on . Most recent reply

Imran Shahzad's profile image
Imran Shahzad's profile image
Imran Shahzad
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  • Member since May 28, 2021
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Imran Shahzad's profile image
Imran Shahzad's profile image
Imran Shahzad
  • Investor
  • Member since May 28, 2021
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Imran Shahzad
  • Investor
2
Votes |
11
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General Real Estate Investing

S Corporation vs. LLC for house flipping

Imran Shahzad
  • Investor
Posted

Hello everyone,  I am trying to flip 2 houses this year, buying with hard money loan, completely renovating/rebuilding and selling it. 

My question for bigger pocket community is . What entity be best for this purpose, S corporation vs. LLC

Thank you, appreciate everyone

New York City, New York
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Joseph Palmiero's profile image
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Joseph Palmiero
  • CPA
  • from Pennsylvania
  • Member since May 26, 2023
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Joseph Palmiero's profile image
Joseph Palmiero's profile image
Joseph Palmiero
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  • from Pennsylvania
  • Member since May 26, 2023
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Joseph Palmiero
  • CPA
  • Pennsylvania
114
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151
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Joseph Palmiero
  • CPA
  • Pennsylvania
Replied

The benefit of a S Corporation is that you can reduce self-employment tax on your flipping income. You can form a LLC and elect to be taxed as a S Corporation.

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