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Old 12-04-2018, 12:17 AM
Mikey Mikey is offline
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Join Date: Dec 2018
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S corporation taxes on sale of real estate

I am a shareholder in a S corporation which is about to sell some real estate that has been owned by the company for 20 years.

We are not a real estate firm.

Will the proceeds from the sale be taxed as a capital gain or taxed as income to the shareholders?



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