Tax Consequences Of Transfering Property To Corporation
I purchased a piece of land in the name of a c-corporation. Then, transferred the property to another person to obtain financing. A home was built using the financing. The property was then transferred back to the c-corporation. Then, the property was sold to an outside party. Are the transfers of the property to another person to obtain financing in his name considered a taxable event, or is this transfer disregarded. The taxable event occuring when the property is sold to the final party.
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