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?

[Terry53029]

Have you checked the pros and cons of holding rental properties in s-corp. Can have a lot of downsides

[TaxMonkey · Accepted solution]

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...