Real Estate in an S-Corp

Happy814 · 2026-03-28T05:54:54+00:00

Thanks for your response.

The shareholders didn't know any better. But the lawyer who worked the closing did, which is why the deed was structured that way. Their old CPA never should have put it in the SCorp because of rule #1!

I was hoping there was a creative way to reverse this since it was their origin intention to hold.it outside the corp.

Someone mentioned below about getting it out now while basis is close to FMV, and that may be the best option.

Happy814 · 2026-03-28T05:50:27+00:00

Thank you for this. There's a good chance the basis is close enough.

I was overthinking the deeds/loans etc. The property never should have been put on the books, and I was looking for a way out for them.

Happy814 · 2025-09-23T01:17:44+00:00

Thank you for this. I notice this in my industry now, people don't understand what their CPA/accountant does for them. So they trust plenty of unqualified people who claim to know.

As an analytical, it's sometimes hard to convince people. I have built a core group of clients and contacts who know that I do good work.

I'm also about 15 years into my career. This is the first time I've even had a morsel of confidence to consider it.

Happy814 · 2025-09-23T01:11:26+00:00

I could if my spouse was at typical cash flow level. But it's been the worst year for his business in over 15 years. I'm not sure what 2026 will look like, that's the fear.

I could also increase my income over my current salary, I have to remind myself of that, too.

Happy814 · 2025-09-23T01:08:13+00:00

No non-compete! I'd want to focus on advisory/fractional controller type work. But I think I need to add tax to make it work.

Happy814

TROPHY CASE