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barchar | 3 months ago

Yeah, it's very dumb to own real estate like this directly for a c-corp

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hrimfaxi|3 months ago

Is it dumb for tax reasons?

barchar|3 months ago

Yes. 21% CIT + 15-20% LTCG for the owners.

RE throws off much income.

It's also difficult to transfer the RE to another entity without realizing gains.