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Old 10-25-2007, 12:24 PM
sdcary sdcary is offline
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Join Date: Oct 2007
Posts: 1
Is it ok to use S-corp to hold rental property

Hello,
I have an S-corp which holds 2 rental properties. I am the sole officer and shareholder. I made it an S-corp to be able to limit liability to just the S-corp.

I intend to hold the properties for long term and eventually give them to my kids. How do I do that with minimal tax impact for them?
Can I grant them shares in my S-corp now, or do that later? Or is this dictated in an estate plan?

Is it better to own the properties in my personal name and let them inherit?
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