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199A, stick with c corp or switch??
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Billy2222
Posted 10/16/2018 07:11 (#7049623 - in reply to #7048975)
Subject: RE: 199A, stick with c corp or switch??


red river valley

We have made the decision to  switch to S corp Jan 1st,2019.

Even if they change 199A an S is much more advantageous when quitting time rolls around.

There are capital gains pitfalls to watch out for.  Rules on selling assets for five years and such.

You definitely don't want to do this on your own.  Make sure your CPA is capable of this. 

In my opinion,it is beyond the scope of the run of the mill tax accountant.

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