S Corp Business deductions for Real Property / Investing?, please help!
Hello & Thanks to the BP Community! You guys are truly the BEST!
I don't see why this would be an issue, but I'll throw it out before calling my CPA tomorrow.
If an S-Corp has an excess of capital that it would like to avoid being taxed on can it invest it with a Real Estate Investment LLC and deduct the expense? Then the tax would only be on the interest produced from the investment.
What do non real estate businesses that have a surplus of capital usually do with it?
Thanks in advance!
MC