Just to expand on a few items:
- While one should never say never, however, owning real estate in an S corporation is NOT a good idea. Bad tax things generally happen at some point.
- We know too little about your current situation to provide much in the way of advice.
- Owning real estate is generally deemed a passive activity. As such, losses are typically limited and suspended until income is generated or you have an exit event.
- Another exception would be if you qualify as a real estate professional for tax purposes. This is best determined with a one on one with a tax professional.
- Discussing real estate syndication on a forum such as this indicates you are a long way away from understanding the complexity of this area. Real estate syndicates are handled by large law firms and top accounting firms.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
