Have the corporation acquire the warehouse


Problem:

Caroline is the sole shareholder of Lincoln Corporation. Lincoln's sales have doubled in the last four years, and Caroline has determined that the business needs a new warehouse. Caroline has asked your advice as to whether she should:

(1) Have the corporation acquire the warehouse or

(2) Acquire the warehouse herself and rent it to the corporation.

What are the relevant tax issues you will discuss with Caroline?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Have the corporation acquire the warehouse
Reference No:- TGS02059025

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)