Posted by Richard Rynkowski on July 28, 2001 at 24:46:23:
whoa… OK I sell three properties and the IRS says I’m a dealer. Since I’ve been declared a dealer don’t I have to pay all the disadvantages (taxes) of being a dealer on these three sales??? If so, what is the sense of killing the corporation and starting over…??
Also, aren’t you boardering on tax evasion not just tax avoidance?? I think you may want to talk to your CPA and a Tax attorney before going this route.