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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] entities and capitol gains Posted by zachary on September 10, 2003 at 6:36 AM this is a stupid questions... ok, I know I now the answer to this one but my brain is fried!!! Does an S corp pay capitol gains tax, or when it flows thru to my 1040 do I pay capitol gains?? if not is it possible to buy a property in your personal name then flip it to your corp (assignment of beni. interest), then re-sell and not have to pay the capitol gains?? the reason why I ask: Will close on the one I'm working on next week, will take longer to get INC'd than taht but Ican get INC'd before I sell it... Would be great to skip the 3.3% withholding and capitol gains... thanks!! ZAchary Follow Ups: Re: entities and capitol gains Lughead 4:04 PM, 09/10/03 (0) use a JV to sidestep the 3.3 witholding if our not INC'd Travis-CA 3:11 PM, 09/10/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : this is a stupid questions... : ok, I know I now the answer to this one but my brain is fried!!! : : Does an S corp pay capitol gains tax, or when it flows thru to my 1040 do I pay capitol gains?? : if not is it possible to buy a property in your personal name then flip it to your corp (assignment of beni. interest), then re-sell and not have to pay the capitol gains?? : : the reason why I ask: Will close on the one I'm working on next week, will take longer to get INC'd than taht but Ican get INC'd before I sell it... : Would be great to skip the 3.3% withholding and capitol gains... : : thanks!! : : ZAchary Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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