@TaxGuyBill I understand that you are trying to offer good advice, which i agree that they are right for most of the time. As a long term landlord, i very much know the taxes need for property on sale. However, despite the tax consequence of putting real estate in a c-crop, but there is sometimes lack of better alternative, in most of the time compared to to wholly owned LLC or partnership can reduce tax bill on sale (as liquidation of real estate have preferential treatment in partnerships).
However, a c-crop is not without its tax benefits, such as the preferred tax rate of (15+15) for the first 50k income, and accumulation of income which delays the payment of dividend taxes. Lastly, in order to raise capital in equality (sale of stock), to protect the investors (corporate veil) and while maintain majority control in voting rights but not in equality (different share classes), this is not something that that any other legal entity can offer, other then the C-corp.
@Critter#2 Yes, i know about that but due to capital needs, a corp what was needed. Also, depending where the cash is needed, there are ways to get avoid capital gains, such as 1031 exchange, or simply cash out by the sale of corporate stock. What C-corp truly losses is the partnership tax benefits, such as converting a rental to a primary home, but no way that the other shareholders would allow that to happen anyway.
