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I made entries on Ownership Percentage Worksheet. What other forms are needed on 1120-S? The remaining 50% shareholder used personal funds to pay departing 50% ...
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Thanks so much for the additional details. Very different scenario here - 2 small rentals in OH, very little property management and no staff required. Hoping T...
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Thanks for responding.Agree, have read all the disadvantage to holding RE in an S. Yes, this was started in 2021. Is there an option other than management agree...
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TP claimed that refi is required to change deed. He feels that bank is not likely to approve in S-Corp name and doesn't want to forfeit the low interest rate he...
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TP was advised to set up a corp with S-election with another shareholder for 2 rental properties (each owned one property), one contributed a property deeded in...