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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Vesting property in correct entity Posted by Alfred - Trainee on April 07, 2004 at 1:53 PM Hi Ward, First, something is wrong with your website. Takes forever for your forum page to load and appear and when you post a message there is a long lag before the text appears. Better have Eric take a look see and fix. Question: I'm about to start building and selling homes (no holding). Was already to start doing this through an S Corp (will use QSSS and LP later when I get into more projects). A friend just told me that it's it's better to vest a property in the name of an LP rather than a corporation. Distributions from LPs are taxed at basis, but S-Corps are taxed at current Fair Market Value, which would be higher. Do you know if this is correct or not? Thanx, Alfred Follow Ups: Check it out now...Eric fixed it. Ward-CA- 9:22 AM, 04/09/04 (0) Re: Vesting property in correct entity gcastro 8:49 AM, 04/09/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : First, something is wrong with your website. Takes forever for your forum page to load and appear and when you post a message there is a long lag before the text appears. Better have Eric take a look see and fix. : Question: I'm about to start building and selling homes (no holding). Was already to start doing this through an S Corp (will use QSSS and LP later when I get into more projects). A friend just told me that it's it's better to vest a property in the name of an LP rather than a corporation. Distributions from LPs are taxed at basis, but S-Corps are taxed at current Fair Market Value, which would be higher. Do you know if this is correct or not? Thanx, Alfred 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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