Please note that you would still be required to pay tax as a result of depreciation recapture in year of sale.It ultimately depends on your goals.

The reason for this is because you want the potential tax savings to out weight any of the compliance/admin costs.S-Corp could save you on payroll tax as the income not paid out in salary is not subject to self-employment tax(15.3%).Example - an S-Corp with $60,000 of earnings before paying a salary paid $25,000 to its shareholder. $25,000 is subject to payroll tax of 15.3% while $35,000 difference is not subject to self-employment tax. $35,000 x 15.3% = $5,355 Tax SavingsHowever, there are costs in setting up an S-Corp.Formation costs with Secretary of StateAnnual fees/dues to Secretary of State to keep it in standingfees paid to accountant for additional tax filingYou have an option of creating a C-corp to be taxed as a S-corp or an LLC to be taxed as an S-corp.Let me know if you have any specific questions.

Did it provide her comfort to live in the home where her children were raised My long term plan is to have no debts at all in my golden years and use charitable giving to offset as much tax as possible. 

Well, that sounds like a Tax a Claim Bureau (TCB) sale.

Yes, but be aware you will be charged the $800 per year Franchise Tax as a corporate entity doing business in California. 

As such you'll pay ordinary income and maybe self employment tax as well. 

Based on this, I’m going to town hall to try to prepay my 2018-19 property tax as well.

I think you have the property tax as a positive number in your expense column, where it should be negative. 

I️ bring home about 4000 after tax a month and have 14 days off a month.

Can I treat property tax as a business expense?