Turning Ordinary Income into Capital Gain for Real Estate Developers

You own land. A builder wants finished lots. The moment you put a shovel in the ground, your capital gain becomes ordinary income.

This week's issue discusses how to sell the land to your own S corporation before the first shovel, why it has to be a corporation and not a partnership, and what the cases say about doing it right.

Jeffrey Rosen, CPA, CGMA, MBA and I lead the Family Office practice at Frazier & Deeter. Subscribe to the newsletter and follow me. Also check out a new family office article every Thursday.

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