Quote:
Originally Posted by Buehler445
 Y'all mother****ers believe what you want.
Sure. Absolutely. Yes.
It's an S-Corp, so it can accordingly pass through deductible losses up unto the amount of basis you have provided it can maintain solvency.
All you have to do is contribute the capital to book the basis. I'm here for you. Just let me pull my equity out first. 
I'm here to help. |
I changed over to an LLC taxed as an S-Corp and holy hell the headaches from that was epic.
The tax system moves at lightening speed to get your money but god forbid you need to submit paperwork for stuff it will take months.