S Corp Real Estate Purchase Hello, I have a new S-Corp in the real estate industry. I licensed a real estate investment course and have raised a sum of money selling the course and e-book, all of the money is in the company bank account. Here is my question. If I use the money to purchase an investment (rental) property, the property will become an asset of the company, the question is, do I still have to pay taxes on the business income from the real estate course if all of the revenue was used to purchase the investment property?
Thanks! |