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Updated over 1 year ago on . Most recent reply
Buying Building to House My Non Real Estate Related Business
I am about to buy a building to house my non real estate related business. I have a S Corp (LLC with S Corp election). I initially told the loan officer that wanted to title it to my S Corp but now I am thinking that it would be better to form a new LLC, title the property to it, and have my S Corp to rent from it. Does anyone think that this is a better idea than the first?
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
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#2 Tax, SDIRAs & Cost Segregation Contributor
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
Please do not use S-crop to buy real estate. Talk to your tax advisor before doing this.
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