abctax55
Level 15

It is virtually malpractice to put real property into a corporation....   

And entity elections are to be made when the business STARTS, not after the fact.  You can't just *pick* S-Corp later, unless the facts/circumstance show that the entity has actually been operating as a corporation.  The late election is to correct procedural issues, not to re-write history.

HumanKind... Be Both