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?
- 0 Posts
- 4 Comments
Joined 2 years ago
Cake day: July 6th, 2023
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
Is that why the military uses that format?
I’m getting more of a Roadrunner vibe from them.
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.