Ideally, your S Corp should be set up not to pay any Federal tax, although there may be state taxes. All income, gain, loss and expense should flow through to your personal return. STCG is taxed as ordinary income. LTCG is taxed at lower rates, but any depreciation recapture is taxed at higher rates. Unless flipping, it is generally not a good idea to own real estate in an S Corp.
What should I expect to pay for Short term and Long term capital gains if I buy and sell real estate via an S Corp?
My personal income tax level is 28%. Should I incorporate to save on Capital Gains taxes, what should I expect on the personal level as well? Please advise ASAP.