YoungCPA
Level 3
08-25-2020
08:16 PM
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Hello,
I have a couple of questions regarding real estate investments in a S Corp:
1. Can someone please tell me if down payments on rental real estate increase shareholder basis?
2. Also, what about closing costs paid out of pocket by shareholder and not the S Corporation? Do they increase shareholder basis?
3. Are real estate investments reported on Form 8825?
Thank you!