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Updated about 4 years ago,

Stuart Mcormick's profile image
Stuart Mcormick's profile image
Stuart Mcormick
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Stuart Mcormick's profile image
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Stuart Mcormick
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Stuart Mcormick
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Tax, SDIRAs & Cost Segregation

Buy with LLC then revoke S-corp status

Stuart Mcormick
Posted

Buying property with my LLC that's taxed as an S-corp. Since S-corp is a bad choice, I will revoke the S-corp status. Must I do that BEFORE I purchase the property? Or is it fine to just revoke the S-corp status at a future date, before I sell the property (if I ever sell it).

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