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Investors & landlords
What you are trying to do is called tax evasion which is a federal offense. I highly recommend you seek local professional guidance to understand the intricate tax law you are trying to navigate. Best you could do is push the gain forward using a 1031 exchange but it has to be to an unrelated party which an S-Corp you own would not be ... the IRS has strict rules in place to keep you from trying this kind of "tax avoidance" maneuver.
‎June 28, 2022
11:39 AM