abctax55
Level 15
12-06-2019
04:31 PM
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" How do I transfer the building to the shareholder without triggering a tax."
You can't. It comes out of the Corp @ FMV.
And this is the shining example of WHY real estate (or, any appreciating asset) should never be put into a Corporation.
Former Chump..umm... AllStar...This message was typed from 6 feet away so you can safely read it immediately.
If a post answers your question, click on *Accept as solution* for future searches
If a post answers your question, click on *Accept as solution* for future searches