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| 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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| Re: Is it ok to use S-corp to hold rental property I am not a tax advisor but one of the things you could consider is when you no longer need the income let them recieve the income from the properties "because they are managing them" and hold the properties until you die and have them transferred to them via the estate. There maybe some legistlative changes coming up so you should keep an eye out for them. But every case is different you should see an advisor on this. |
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