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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Vesting property in correct entity Posted by gcastro on April 09, 2004 at 8:49 AM In Reply to: Vesting property in correct entity posted by Alfred - Trainee on April 07, 2004 at 1:53 PM Alfred, there is nothing wrong with the website. What you need to do is turn of your antivirus program, or pherhaps any other program. Gonzalo : 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: Post a Followup: Name : E-Mail : Subject : Comments: : Alfred, there is nothing wrong with the website. What you need to do is turn of your antivirus program, or pherhaps any other program. : Gonzalo : : : 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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