I asked him what that meant and he replied...

Hello All,I wanted to find out if developers pay a capital gains tax, since I have several clients that may be affected by a potential new policy(depends on who wins election)?

With elections coming up both sides will want to push protections to those types of tenants not to get evicted for non-payment.

It’s on discussion threads on bp nearly daily...But that wasnt your question...Electing to be taxed as a S Corp (remember, S Corp isn’t a legal entity, it’s just a tax statu) is really designed for reducing your self employment income tax payments.

@Israel SternbuchI understood what you meant.

He actually meant good one

I wonder if he meant buying land to sell the timber, which is occasionally mentioned where I live in southern Missouri.

If you meant similar properties are only selling for 20-40k total, then no.

I obviously meant to type “Contracts” not “Contacts”.

With the upcoming election it's doubtful there will be a lot of them as to keep the mass voters various parties will likely want protections against foreclosing on homeowners.Hard to comment further without knowing specifically what you are trying to do.