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Updated about 3 years ago,

User Stats

8
Posts
1
Votes
Bob Lee
1
Votes |
8
Posts

Dealer across the board

Bob Lee
Posted
If I have 5 houses in an scorp and they have been held for different periods of time, between 0 ad 3 years, and based on previous transactions the IRS determines I should classified as a dealer, does that effect all the properties I own in the Scorp.  Some are long term rentals.

In addition,  if I held 3 homes in a different entity, LLC, at that time, would they also be impacted?
Thanks,

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