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Level 1
December 7, 2019
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TP has LLC for his rental properties, attorney convinced him to establish an s corp. Can it be put onto the s corp tax return? Advantages? Disadvantages?

  • December 7, 2019
  • 2 replies
  • 6 views
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Best answer by TaxMonkey

Boy this sure seems similar to that question you asked 11 months ago:


https://accountants-community.intuit.com/questions/1711174-clients-have-a-s-corp-but-only-have-renta...

2 replies

Intuit Community Champion
December 7, 2019
Have you checked the pros and cons of holding rental properties in s-corp. Can have a lot of downsides
TaxMonkeyAnswer
Level 7
December 7, 2019

Boy this sure seems similar to that question you asked 11 months ago:


https://accountants-community.intuit.com/questions/1711174-clients-have-a-s-corp-but-only-have-renta...