Question
Taxpayer is engaged in a real estate venture, and wants all possible tax deductions. To obtain a loan for this venture he needs to pay
Taxpayer is engaged in a real estate venture, and wants all possible tax deductions. To obtain a loan for this venture he needs to pay more interest than is allowed in the case of an individual borrower. In order to obtain the loan in compliance with state law, he is therefore having a C corporation he owns take out the loan, with title to the venture and the underlying real estate in the name of the C corporation, so that the C corporation can give a mortgage on the venture property. Would any of the following jeopardize Taxpayers status as the true owner of the real estate venture and its underlying real property for tax purposes
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