Purchasing property from my corporation - Posted by Chris

Posted by D on October 23, 2003 at 10:35:15:

Hey Chris, sorry for now answering your question but I am interesting in flippling also and I am wondering what steps did you take to obtain the property in your corporation name?

Purchasing property from my corporation - Posted by Chris

Posted by Chris on October 22, 2003 at 11:25:09:

My corporation own a property that I was going to flip but have decided to keep as a rental. I want to transfer title in my own name. My question is, can I purchase the property from my corp for some amount less than my corp paid for it and show it as a loss on my corp taxes?