Exploring the Use of Form 8832 to Change Tax Status from Partnership to Corporation

[Antonio Chelala]

Hey all!

I hope all is well :)

When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it's common for real estate investors to file Form 8832 in order to change their tax status to a corporation instead. Are there any specific advantages or considerations that typically prompt real estate investors to make this change?

I would greatly appreciate any insights or experiences shared regarding this matter. 

Thank you!

[Ashish Acharya]

if you are going to be an Agent/wholesaler/flipper, then an S-Corp can help.

If you are a rental investor, no need to get the Corp. 

Please do not make any changes before running this with your CPA. This has serious tax implications.