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Updated over 9 years ago on . Most recent reply presented by

User Stats

345
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288
Votes
Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
288
Votes |
345
Posts

C-Corp Tax Deductions

Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
Posted

I will soon be flipping homes in a newly created C-Corp.  My plan is to pay myself a salary and reduce the Corp's yearly net income to zero.  I would like the corporation to pay as many of my personal expenses as possible prior to paying a salary (to also reduce my personal income tax).  What expenses do C-Corps regularly and legally deduct? (company car, gas etc)   

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