Key differences in holding a real estate in a partnership vs an s-corporation (s-corp) is noted when the real estate is sold or inherited, and gain is recognizable or deferrable. Gain on Sale of business or real estate: In an s-corp when the business along with the real estate is sold, or the real estate… Read More

Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Schedule E for individual and Form 8832 for partnerships and S-Corps. For rent to be treated as earned income, service… Read More