99mtamchamp
Level 2

Looking for a tax strategy for a C Corp. Not sure there’s any. I have an elderly couple that have owned land for 100 years in their family and it’s held in a C Corp. They are looking to sell some of it since the real estate market is so high. But I’m just looking for any kind of strategies regarding avoiding the double taxation. I know there’s built-in gains regarding S Corp. elections and I’m not really familiar how those work regarding this type of transaction. I would consider s election for this entity if it would be helpful alleviating the double taxation regarding the sale of real estate within the c corp

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