All Forum Posts by: Iryna Zhuk

Hmmm, I was hoping to avoid any complications. Condo was purchased for 389,000 and quit claim deed to transfer to C corp was done at $10.00 (ten dollars). Now FMV will be about 20,000 higher due to improvements.

At this point I do not plan to return to Canada for at least a year and will be claiming taxes in USA, and $ 0 income for corp and $0 Canadian income.

The corp was opened in Jan 2018  and did not conduct any business.  I am sole owner if Corp. 

I will be closing the corp.

Condo was my primary residence wich I want to either sell or rent out. 

Transfer was done via Quit Claim Deed for $10.00. 

I was told by accountant if I do a Quit Claim Deed again and transfer it back to my name, there would be no tax implications for me. 

Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? 

Is it better to sell under Corp or under personal name? To further complicate this gas I am Canadian living in US on workVisa.  Would appreciate advise or referral to a good accountant.