If it is an s corp and they sell the property, and recognize a capital gain it flows back to the shareholder as a capital gain, anything sold under the basis it would be treated as a distribution of capital back to the shareholder.
If it is an s corp and they sell the property, and recognize a capital gain it flows back to the shareholder as a capital gain, anything sold under the basis it would be treated as a distribution of capital back to the shareholder.
RE: The Tax Holy Grail for the Whale Investors- Orginal Post was incorrect