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Just sayin
(mander.xyz)
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this post was submitted on 16 Jan 2024
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You mean to say your friend incorporated for tax purposes because owning three houses would've been resulted in being taxed at a higher rate? That should be evidence enough.
Unrelated but related: shell companies for the purposes of evading taxes should also not be an acceptable practice.
That and as a real estate agent in Southern California it helps with his tax burden when selling houses near 1M. If the commission goes to his corporate account pays himself a taxed salary it's less than the taxes for the full amount. The rental is more of a long term investment than a profit from rent.