Recently, I was at a meeting of landlords where the guest lawyer mentioned that the S corporation was a bad entity for real estate because you could have your S corporation terminated with too much passive income. I had not heard this before. Can you shed some light on this for me?
Yes! First, this is not a problem for most S corporations. We’ll explain why shortly.
But first we need to mention that S corporations should not own real estate ... Log in to view full article.