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Tax, SDIRAs & Cost Segregation
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Commercial cash out refinance
My business partners and I own 2 buildings with a substantial amount of equity that we purchased through our s-corp. one of the buildings is completely paid off and the other is leased on a long-term lease to one of our businesses. we are considering doing a cash out refinance and want to know the best way to take the excess money out of the s-corp for personal use so that we face the lowest tax liability. any advice would be greatly appreciated.