Exploring the Use of Form 8832 to Change Tax Status from Partnership to Corporation
Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it's common for real estate investors to file Form 8832 in order to change their tax status to a corporation instead. Are there any specific advantages or considerations that typically prompt real estate investors to make this change?
I would greatly appreciate any insights or experiences shared regarding this matter.
Thank you!