S Corporation vs. LLC for house flipping
Hello everyone, I am trying to flip 2 houses this year, buying with hard money loan, completely renovating/rebuilding and selling it.
My question for bigger pocket community is . What entity be best for this purpose, S corporation vs. LLC
Thank you, appreciate everyone
Most Popular Reply
The benefit of a S Corporation is that you can reduce self-employment tax on your flipping income. You can form a LLC and elect to be taxed as a S Corporation.
- Joseph Palmiero
- [email protected]
- 814-720-2493
Palmiero CPA, LLC
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