Posted by John K Haslach, CPA, MST on June 19, 2006 at 13:08:34:
It can, but the income ends up being taxed twice.
LLC taxed ans a C Corp - Posted by Diane
Posted by Diane on June 19, 2006 at 12:06:53:
Will electing to have an LLC taxed as a C Corp eliminate the self employment tax problem on flipped properties ?