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Updated over 14 years ago,
transitioning from dealer to investor
After speaking to CPA's, the tax attorney and real estate attorney it's clear I cannot run a dealer business out of one entitiy and create installment sales in another entity without running into problems with the IRS. Am I going to have to shut down my dealer business for an entire year, then start a new company that does nothing but installment sales and even then if I do more than a couple of these per year will the IRS want to classify these as dealer transactions. Any thoughts would be appreciated