General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Options for corporation profits ?
If I start a corporation to collect rental income and there is 10,000 left after all expenses (profits) at year end , how is that taxed?
On my personal taxes?
Is it taxed separately before I take it?
Is it part of my MAGI I report to the IRS?
Can the corporation just retain the profits and pay taxes on it to keep it off my MAGI?
Thanks