My friend owns three houses, the one he lives in and two he rents. He incorporated for tax purposes. Your saying he can’t own the rental property because he’s now taking advantage of the tax laws?
My friend owns three houses, the one he lives in and two he rents. He incorporated for tax purposes. Your saying he can’t own the rental property because he’s now taking advantage of the tax laws?
Is that why the military uses that format?
Thistle, poppy, Queen Anne’s lace…
That and as a real estate agent in Southern California it helps with his tax burden when selling houses near 1M. If the commission goes to his corporate account pays himself a taxed salary it’s less than the taxes for the full amount. The rental is more of a long term investment than a profit from rent.