But in an S-Corp, if you simply *transfer* it to another entity that you own (like a SMLLC), the IRS will treat that transfer as if you sold it to yourself.This is the disconnect.If you originally held the property in a SMLLC, or a partnership, and transferred it to another SMLLC or partnership (IRC 721), there would be no deemed sale (all else being equal.

for example I’d need to make 18 at work to equal 9k rental income.So I calculated that with real estate I’m saving 35% fed 7.75% IL tax 7.25 Social security tax and 0.9% niit tax.50.6% savings ?

More markets equals more time needed to track, meet with your team, travel to and from, tax season, etc.  

When there is no realtor involved, it could be fine, but it could be disguising the fact that there would be fraud going on or that the purchase price doesn't equal market value (i.e. two related people selling a property one to another at an inflated value, etc.)

$450k is pretty cheap for a Cali so maybe it works as rental (don't know the strategy here) but rental cash-flow could take years to equal $225k tax free. 

If you are all putting in different amounts of money, how does that relate to decisions on the property-does everyone (ie all 4 as you and your wife may be 1 vote) have an equal say regardless if they put in $25K or $400K? 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Bottomline was a 2022 tax savings (refund) and 2023 quarterly adjustments equaling over $13,000 that we were not expecting.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

That is divided 10 ways since you are all equally invested, so 9,100 each.