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Yes. A Coeur d’Alene S-Corporations can own real estate and is the best at protecting shareholders limited liabilities. However, real estate that goes into either type of corporation typical does not come out tax-free. This is a significant disadvantage for real estate investors.

Transferring property out of an Idaho C or S-Corporation is a taxable event whereas it is not taxable in an LLC. When it comes time to refinance, you will appreciate an LLC.

However, you can have your Coeur d’Alene Corporation buy real estate. One method is to have your corporation pay rent for a building which is owned by a separate LLC that you own. The rent paid by the corporation is a tax deduction for the business and the income from the rent is offset by operating expenses as well as the depreciation.

For Tax Resolution or Tax Preparation services in Coeur d’Alene Idaho click here.