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re: S corp or LLC

Posted on 3/16/14 at 9:24 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
37737 posts
Posted on 3/16/14 at 9:24 am to
Poodle - Which is better for buying rental property with a partner?

I'm purchasing more rental houses with a partner and his income is substantially higher than mine. Is this going to be a mess during tax season?
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59612 posts
Posted on 3/16/14 at 10:40 am to
A lot of real estate investment projects form LP's.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 3/16/14 at 2:31 pm to
An LLC is almost always the better choice for owning real property. S-corps are not really good entities for owning real property. The issues are too many to go into on a message board.
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