Posted by Terry (Houston) on July 09, 2002 at 18:35:26:
If you take possesion of a house in your corp, but you have to sell it on a lease option, how would that be taxed? Dealer, sale, what?
Is that not good to have rental income in your corp?
If you plan to flip them and they do not sell and your hands are tied what can you do?
Thnaks in advance,