Posted by William Bronchick on April 05, 2005 at 20:49:44:
No - a land trust is invisible for federal income tax purposes. It doesn’t factor into the equation.
DEALER STATUS - Posted by Kevin
Posted by Kevin on April 05, 2005 at 13:36:58:
Is it possible to be classified as a real estate dealer by the IRS when using Land Trusts.
Re: DEALER STATUS - Posted by Tom-FL
Posted by Tom-FL on April 05, 2005 at 23:20:39:
A land trust will not protect you against dealer classification. A “c” corp would be better.