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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: entities and capitol gains Posted by Lughead on September 10, 2003 at 4:04 PM In Reply to: entities and capitol gains posted by zachary on September 10, 2003 at 6:36 AM have heard conflicting answers from CPA's the IRS may view you deeding the property to the corp and then selling for what it is - a way to avoid the taxes have heard they may unravel the sale so to speak .... and tax you versus the corp - basically this would not be an "arm's length" transaction or you may get by with it...evaluate the risk/reward and decide i'd probably just suck it up to education and use the corp the next time - cant be perfect the 1st time around good luck Lughead Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : have heard conflicting answers from CPA's : the IRS may view you deeding the property to the corp and then selling for what it is - a way to avoid the taxes : have heard they may unravel the sale so to speak .... and tax you versus the corp - : basically this would not be an "arm's length" transaction : or you may get by with it...evaluate the risk/reward and decide : i'd probably just suck it up to education and use the corp the next time - cant be perfect the 1st time around : good luck : Lughead 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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