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HomeForumsRehabbing & House FlippingChanging LLC TO S Corp for filing taxes after a flip.
Chesil Thye's profile image
Chesil Thye's profile image
Chesil Thye
  • Investor
  • from Renton, Washington
  • Member since Jul 23, 2017
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Chesil Thye's profile image
Chesil Thye's profile image
Chesil Thye
  • Investor
  • from Renton, Washington
  • Member since Jul 23, 2017
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Chesil Thye
  • Investor
  • Renton, WA
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6
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Rehabbing & House Flipping

Changing LLC TO S Corp for filing taxes after a flip.

Chesil Thye
  • Investor
  • Renton, WA
Posted May 20 2019, 21:11

We just finished a rehab and put the house on market. We are at mutual right now and my partners would like to change our Llc to a S Corp. They say it is better for tax purposes. We will also dissolve the S Corp after closing. Is this the right thing to do? Any comments or ideas will be greatly appreciated!!

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