Are you considering holding your real estate in an S-Corporation? Think twice! 🤔
While there are some tax benefits to holding real estate in an S-Corporation, significant drawbacks could hurt your bottom line.
Here are five reasons why you should avoid holding real estate in an S-Corporation:
- Potential Built-In Gains Tax 📈
- Double Taxation on Sale of Property 💰💰
- Restrictions on Passive Income🚫
- Limited Transferability of Shares🔒
- Higher Audit Risk 🔎
At Palma Financial Services, Inc., we can help you navigate the complex legal landscape of real estate ownership and make the best choice for your specific needs.
📅📚Book a tax assessment with me to learn more about your options for real estate ownership.