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Do you own appreciated land
that you plan to develop and sell?
Then you should create an S corporation right now!
Why is this such a good idea?
Because you can use your S corporation to lock in favorable capital gains tax treatment which can save you a ton of money!
Here’s the tax situation in a nutshell.
When you subdivide, develop, and sell land, the IRS typically considers you to be a dealer in real property… a dealer who is selling off inventory.
The result?
All your profits from the sale are considered “ordinary income,” and get taxed at your ordinary federal rate.
Right now that’s up to 37%. Ouch!
So what’s the solution?
CLICK HERE and get the complete article…
“Selling Appreciated Land?
Here’s How To Get the Best Tax Deal”