Posted by Nate(DC) on December 18, 2002 at 17:06:23:
A corporation doesn’t avoid capital gains taxes. It pays them just like you or I would…when it has a capital gain!
If you want to avoid capital gains, do a 1031 exchange of this property for another property.
For more details, consult a tax advisor. Also, learn to spell corporation.
NT
Can I use my Coperation now or do I have to wait - Posted by Ramon James
Posted by Ramon James on December 18, 2002 at 13:57:03:
My S-Coperation was formed after I got the investment Property
I stand to make 50k off of this investment. Can I use my coperation to sell this property and avoid capital gain taxes or do I have to sale the property without using my corp because I formed it after I bought the property.